Goldman Sachs Group, Inc. (The) reissued their conviction-buy rating on shares of Centamin PLC (LON:CEY) in a research report released on Tuesday morning. They currently have a GBX 210 ($2.76) target price on the mining company’s stock.
Several other brokerages have also commented on CEY. Investec reiterated a buy rating and set a GBX 185 ($2.43) price target on shares of Centamin PLC in a research note on Monday, June 12th. Panmure Gordon reiterated a buy rating and set a GBX 180 ($2.37) price target on shares of Centamin PLC in a research note on Thursday, August 3rd. Numis Securities Ltd lowered shares of Centamin PLC to a hold rating and set a GBX 170 ($2.24) price target on the stock. in a research note on Friday, August 4th. Jefferies Group LLC reiterated a hold rating and set a GBX 170 ($2.24) price target on shares of Centamin PLC in a research note on Friday, August 4th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 165 ($2.17) price target on shares of Centamin PLC in a research note on Monday, July 10th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 186.25 ($2.45).
Shares of Centamin PLC (LON:CEY) opened at 147.80 on Tuesday. The stock’s 50 day moving average is GBX 147.43 and its 200-day moving average is GBX 161.25. The stock’s market capitalization is GBX 1.71 billion. Centamin PLC has a one year low of GBX 114.60 and a one year high of GBX 193.90.
The business also recently disclosed a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were paid a $0.03 dividend. This represents a dividend yield of 1.22%. The ex-dividend date was Thursday, August 31st.
About Centamin PLC
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
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