Centamin (LON:CEY) Given Buy Rating at Berenberg Bank

Centamin (LON:CEY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat reports. They presently have a GBX 150 ($1.87) price objective on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 17.65% from the company’s current price.

Centamin Stock Down 0.5 %

CEY stock opened at GBX 127.50 ($1.59) on Thursday. The business’s 50-day simple moving average is GBX 106.23 and its 200 day simple moving average is GBX 96.57. The company has a quick ratio of 2.09, a current ratio of 3.22 and a debt-to-equity ratio of 0.37. The company has a market cap of £1.48 billion, a PE ratio of 2,125.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.60. Centamin has a twelve month low of GBX 77.25 ($0.96) and a twelve month high of GBX 132.80 ($1.65).

About Centamin

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.