Centamin (LON:CEY) Share Price Crosses Above Two Hundred Day Moving Average of $101.42

Centamin plc (LON:CEYGet Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 101.42 ($1.24) and traded as high as GBX 111 ($1.35). Centamin shares last traded at GBX 107.10 ($1.31), with a volume of 7,869,168 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on CEY shares. Royal Bank of Canada dropped their price objective on shares of Centamin from GBX 140 ($1.71) to GBX 130 ($1.58) and set an “outperform” rating for the company in a report on Wednesday, January 25th. Bank of America reiterated a “buy” rating and issued a GBX 150 ($1.83) price objective on shares of Centamin in a report on Monday, January 23rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 123 ($1.50) target price on shares of Centamin in a research report on Tuesday, December 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 122.20 ($1.49).

Centamin Trading Down 0.5 %

The company has a market cap of £1.24 billion, a price-to-earnings ratio of 1,190.00, a P/E/G ratio of -1.53 and a beta of 0.53. 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 firm’s 50-day moving average price is GBX 108.84 and its 200 day moving average price is GBX 101.42.

About Centamin

(Get Rating)

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.

See Also

Receive News & Ratings for Centamin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centamin and related companies with MarketBeat.com's FREE daily email newsletter.