Centamin (LON:CEY) Stock Price Passes Above Two Hundred Day Moving Average of $87.68

Centamin plc (LON:CEYGet Rating)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 87.68 ($1.06) and traded as high as GBX 89.80 ($1.09). Centamin shares last traded at GBX 87.80 ($1.06), with a volume of 4,415,715 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on CEY. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 112 ($1.35) price target on shares of Centamin in a report on Thursday, August 4th. Royal Bank of Canada upped their price target on Centamin from GBX 155 ($1.87) to GBX 165 ($1.99) and gave the company an “outperform” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Centamin currently has a consensus rating of “Moderate Buy” and an average target price of GBX 127.50 ($1.54).

Centamin Stock Performance

The company has a current ratio of 3.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of GBX 87.59 and a 200 day simple moving average of GBX 87.68. The stock has a market cap of £1.02 billion and a price-to-earnings ratio of 878.00.

Centamin Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a dividend yield of 2.5%. Centamin’s payout ratio is presently 90.29%.

Centamin Company Profile

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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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