Centamin’s (CEY) “Buy” Rating Reaffirmed at Berenberg Bank

Centamin (LON:CEYGet Rating)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They currently have a GBX 114 ($1.48) price target on the mining company’s stock. Berenberg Bank’s price objective suggests a potential upside of 23.28% from the stock’s previous close.

CEY has been the subject of several other reports. 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, April 14th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 97 ($1.26) price target on shares of Centamin in a research note on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 130 ($1.69) target price on shares of Centamin in a research note on Wednesday, January 19th. Finally, Liberum Capital reissued a “buy” rating and set 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. Based on data from MarketBeat, Centamin presently has an average rating of “Buy” and a consensus price target of GBX 116.50 ($1.52).

CEY stock opened at GBX 92.48 ($1.20) on Wednesday. The business has a fifty day moving average of GBX 95.40 and a two-hundred day moving average of GBX 93.71. The company has a quick ratio of 2.98, a current ratio of 4.68 and a debt-to-equity ratio of 0.05. The stock has a market cap of £1.07 billion and a price-to-earnings ratio of 13.79. Centamin has a 52-week low of GBX 80.42 ($1.05) and a 52-week high of GBX 123.65 ($1.61).

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 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.

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