Centamin (LON:CEY) Share Price Crosses Above 200-Day Moving Average of $98.14

Centamin plc (LON:CEY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 98.14 ($1.21) and traded as high as GBX 125.70 ($1.55). Centamin shares last traded at GBX 124.10 ($1.53), with a volume of 5,367,619 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.85) price objective on shares of Centamin in a research report on Thursday, April 18th.

Centamin Stock Up 0.9 %

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 firm has a market capitalization of £1.45 billion, a PE ratio of 2,068.33, a P/E/G ratio of -1.53 and a beta of 0.60. The business’s 50 day moving average price is GBX 109.67 and its 200-day moving average price is GBX 98.14.

Centamin Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 1.48%. Centamin’s dividend payout ratio is currently 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, Côte d'Ivoire, Burkina Faso, 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.