Shares of Centamin plc (LON:CEY – Get Rating) have received an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 116.50 ($1.48).
Several equities analysts recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a GBX 100 ($1.27) price target on shares of Centamin in a research report on Thursday, April 14th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 97 ($1.24) price target on shares of Centamin in a research report on Wednesday, April 20th. Berenberg Bank restated a “buy” rating and issued a GBX 114 ($1.45) price target on shares of Centamin in a research report on Wednesday, April 20th. Peel Hunt restated a “buy” rating and issued a GBX 130 ($1.66) price target on shares of Centamin in a research report on Wednesday, January 19th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 108 ($1.38) price target on shares of Centamin in a research report on Wednesday, March 16th.
Centamin stock opened at GBX 91.58 ($1.17) on Friday. Centamin has a fifty-two week low of GBX 80.42 ($1.02) and a fifty-two week high of GBX 123.65 ($1.58). The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 4.68. The company has a market capitalization of £1.06 billion and a P/E ratio of 13.47. The stock has a 50-day simple moving average of GBX 95.05 and a 200-day simple moving average of GBX 93.54.
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.
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