Centamin PLC (LON:CEY) stock price target upped to 170GBX as issued in a report today by Jefferies International

August 13, 2016

Finance News

Jefferies International bumped the target stock price of Centamin PLC (LON:CEY) to 170GBX, reporting a possible upside of 0.00%,

Previously on Wednesday August 10 2016, Canaccord Genuity released a statement on Centamin PLC(LON:CEY) recommending “Buy” with a target price of 185GBX. At the time, this indicated a possible upside of 0.05%.

Boasting a price of 0.00GBX, Centamin PLC (LON:CEY) traded 1.63% lower on the day. The last stock price close is down 56.81% from the 200-day average, compared to the S&P 500 which has decreased 0.00% over the same time. The company has been tracking to a 50-day moving average of 155.40GBX and two hundred day moving average of 111.54GBX. 4,889,658 shares of CEY traded, down from an average volume of 7,369,610

Recent Performance Chart:

Centamin PLC (LON:CEY)

Centamin PLC has a one-year low of 55.65GBX and a 52 week high of 183.90GBX with a P/E ratio of 17. Centamin PLC’s market capitalization is currently 2.0B GBX.

In addition to Jefferies International reporting it’s price target, a total of 12 analysts have issued a research note on CEY. The average target price is 1.63GBX with one firm rating the stock a strong buy, four analysts rating the company a buy, four analyts rating the stock a hold, one firm rating the stock to underperform, and finally one brokeragerating the stock as sell.

Brief Synopsis About Centamin PLC (LON:CEY)

Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company’s segment is the business of exploration and mining of precious metals. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis. Sukari Gold Mine is a gold mine located in Egypt. Through PGM, the Company has entered into the concession agreement with EMRA and the Arab Republic of Egypt granting PGM and EMRA the right to explore, develop, mine and sell gold and associated minerals in specific concession areas located in the Eastern desert of Egypt. Centamin’s subsidiaries include Centamin Egypt Limited, Viking Resources Limited, Ampella Share Plan Ltd, Konkera SA, and Shebla exploration Limited and North African Resources NL.

Comments are closed.