Centamin (LON:CEY) Stock Price Passes Above Two Hundred Day Moving Average of $95.80

Shares of Centamin plc (LON:CEY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 95.80 ($1.19) and traded as high as GBX 130.22 ($1.62). Centamin shares last traded at GBX 126.30 ($1.57), with a volume of 5,828,502 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on shares of Centamin from GBX 130 ($1.62) to GBX 150 ($1.87) and gave the stock a “buy” rating in a research note on Tuesday, March 26th.

Centamin Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.09 and a current ratio of 3.22. The company’s 50-day moving average price is GBX 104.06 and its 200 day moving average price is GBX 95.80. The stock has a market cap of £1.47 billion, a PE ratio of 2,105.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.60.

Centamin Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 30th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 1.48%. Centamin’s dividend payout ratio (DPR) is 5,000.00%.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. 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.