Shares of Centamin plc (LON:CEY – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 87.68 ($1.06) and traded as high as GBX 89.80 ($1.09). Centamin shares last traded at GBX 87.80 ($1.06), with a volume of 4,415,715 shares.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 112 ($1.35) price objective on shares of Centamin in a report on Thursday, August 4th. Royal Bank of Canada lifted their price objective on Centamin from GBX 155 ($1.87) to GBX 165 ($1.99) and gave the stock an “outperform” rating in a report on Thursday, August 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Centamin presently has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50 ($1.54).
Centamin Stock Up 0.3 %
The firm has a market cap of £1.02 billion and a price-to-earnings ratio of 878.00. The company has a current ratio of 3.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of GBX 87.59 and a 200-day moving average of GBX 87.68.
Centamin Cuts Dividend
Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold deposits. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.
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