Centamin (LON:CEY – Get Rating)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 140 ($1.73) price target on the mining company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 67.05% from the company’s previous close.
Several other analysts also recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 114 ($1.41) price objective on shares of Centamin in a research note on Thursday, May 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 130 ($1.60) target price on shares of Centamin in a research note on Wednesday, January 19th. Morgan Stanley reissued an “equal weight” rating and set a GBX 100 ($1.23) price target on shares of Centamin in a research report on Thursday, April 14th. Finally, Liberum Capital restated a “buy” rating and set a GBX 108 ($1.33) price target on shares of Centamin in a report on Wednesday, March 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 123.67 ($1.52).
CEY opened at GBX 83.81 ($1.03) on Thursday. The company has a market cap of £969.16 million and a price-to-earnings ratio of 12.00. The company’s fifty day moving average price is GBX 93.53 and its two-hundred day moving average price is GBX 93.10. Centamin has a 1-year low of GBX 80.23 ($0.99) and a 1-year high of GBX 123.65 ($1.52). The company has a current ratio of 4.68, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.
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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