Centamin Plc (CEY) Receives “Conviction-Buy” Rating from Goldman Sachs Group Inc

Goldman Sachs Group Inc reissued their conviction-buy rating on shares of Centamin Plc (LON:CEY) in a research report report published on Friday. They currently have a GBX 205 ($2.73) target price on the mining company’s stock.

Other analysts have also issued reports about the stock. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 170 ($2.27) price target on shares of Centamin in a research note on Monday, September 25th. Panmure Gordon reaffirmed a buy rating and issued a GBX 180 ($2.40) price target on shares of Centamin in a research note on Thursday, August 3rd. Shore Capital reaffirmed a not rated rating on shares of Centamin in a research note on Monday, October 9th. Jefferies Group LLC reduced their price target on shares of Centamin from GBX 170 ($2.27) to GBX 155 ($2.07) and set a hold rating for the company in a research note on Thursday, October 19th. Finally, Shore Capital Group Limited reaffirmed a not rated rating on shares of Centamin in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 183.75 ($2.45).

Centamin (LON CEY) opened at GBX 142.20 ($1.90) on Friday. Centamin has a one year low of GBX 114.60 ($1.53) and a one year high of GBX 193.90 ($2.58).

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Centamin Company Profile

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.

Analyst Recommendations for Centamin (LON:CEY)

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