Centamin (LON:CEY) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Centamin (LON:CEYGet Rating) in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has a GBX 120 ($1.56) price objective on the mining company’s stock.

Several other equities research analysts have also recently weighed in on the company. Peel Hunt reiterated a buy rating and issued a GBX 130 ($1.69) price objective on shares of Centamin in a report on Wednesday, January 19th. Morgan Stanley reissued an equal weight rating and issued a GBX 100 ($1.30) target price on shares of Centamin in a report on Thursday, March 24th. Berenberg Bank lifted their target price on Centamin from GBX 108 ($1.41) to GBX 114 ($1.49) and gave the stock a buy rating in a report on Tuesday, April 5th. Finally, Liberum Capital restated a buy rating and issued a GBX 108 ($1.41) price target on shares of Centamin in a research note on Wednesday, March 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centamin currently has an average rating of Buy and a consensus target price of GBX 120.33 ($1.57).

CEY opened at GBX 98.66 ($1.29) on Monday. The stock has a market capitalization of £1.14 billion and a P/E ratio of 14.73. Centamin has a 12-month low of GBX 80.42 ($1.05) and a 12-month high of GBX 123.65 ($1.61). The stock has a 50-day moving average price of GBX 95 and a 200-day moving average price of GBX 93.56.

The firm also recently declared a dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 19th. This is a boost from Centamin’s previous dividend of $0.04. This represents a yield of 3.9%. Centamin’s dividend payout ratio (DPR) is currently 1.04%.

Centamin Company Profile (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 ore 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.

Further Reading

Analyst Recommendations for Centamin (LON:CEY)

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