Centamin (LON:CEY) Given Outperform Rating at Royal Bank of Canada

Centamin (LON:CEYGet Rating)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank of Canada in a report issued on Monday, Digital Look reports. They currently have a GBX 140 ($1.75) price target on the mining company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 52.77% from the stock’s current price.

Several other analysts have also issued reports on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 108 ($1.35) target price on shares of Centamin in a research report on Wednesday, March 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 114 ($1.42) target price on shares of Centamin in a research report on Wednesday, April 20th. Peel Hunt restated a “buy” rating and set a GBX 130 ($1.62) price target on shares of Centamin in a research report on Wednesday, January 19th. Finally, Morgan Stanley restated an “equal weight” rating and set a GBX 100 ($1.25) price target on shares of Centamin in a research report on Thursday, April 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 123.67 ($1.54).

Shares of LON CEY opened at GBX 91.64 ($1.14) on Monday. The company’s 50-day simple moving average is GBX 94.97 and its 200-day simple moving average is GBX 93.53. Centamin has a 52-week low of GBX 80.42 ($1.00) and a 52-week high of GBX 123.65 ($1.54). The firm has a market cap of £1.06 billion and a price-to-earnings ratio of 13.51. The company has a quick ratio of 2.98, a current ratio of 4.68 and a debt-to-equity ratio of 0.05.

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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