Centamin (LON:CEY) Stock Price Passes Above 200 Day Moving Average of $101.42

Centamin plc (LON:CEY – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 101.42 ($1.24) and traded as high as GBX 111 ($1.35). Centamin shares last traded at GBX 107.10 ($1.31), with a volume of 7,869,168 shares.

Analyst Upgrades and Downgrades

CEY has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Centamin from GBX 140 ($1.71) to GBX 130 ($1.58) and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Berenberg Bank reiterated a “buy” rating and set a GBX 123 ($1.50) price target on shares of Centamin in a research report on Tuesday, December 13th. Finally, Bank of America reiterated a “buy” rating and set a GBX 150 ($1.83) price target on shares of Centamin in a research report on Monday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 122.20 ($1.49).

Centamin Stock Performance

The stock’s 50-day moving average price is GBX 108.84 and its 200 day moving average price is GBX 101.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.94 and a quick ratio of 2.09. The firm has a market cap of £1.24 billion, a P/E ratio of 1,190.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.53.

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.