Centamin (LON:CEY) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Centamin (LON:CEY) in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 150 ($1.87) target price on the mining company’s stock.

Centamin Stock Performance

Shares of CEY opened at GBX 127.60 ($1.59) on Thursday. The firm has a 50-day moving average price of GBX 105.50 and a 200 day moving average price of GBX 96.35. The firm has a market capitalization of £1.48 billion, a PE ratio of 2,135.00, a P/E/G ratio of -1.53 and a beta of 0.60. The company has a quick ratio of 2.09, a current ratio of 3.22 and a debt-to-equity ratio of 0.37. Centamin has a 52-week low of GBX 77.25 ($0.96) and a 52-week high of GBX 132.80 ($1.65).

Centamin Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.02 per share. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 30th. Centamin’s dividend payout ratio is presently 5,000.00%.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. 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.