Centamin plc (LON:CEY) Declares Dividend Increase – $0.02 Per Share

Centamin plc (LON:CEY) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 29th will be given a dividend of $0.02 per share by the mining company on Friday, September 27th. This represents a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Centamin’s previous dividend of $0.02. The official announcement can be accessed at this link.

Centamin Stock Down 1.4 %

Shares of LON CEY traded down GBX 1.80 ($0.02) during mid-day trading on Wednesday, reaching GBX 126 ($1.66). The company had a trading volume of 5,786,085 shares, compared to its average volume of 4,087,987. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44. The company has a market capitalization of £1.46 billion, a price-to-earnings ratio of 2,130.00, a PEG ratio of -1.53 and a beta of 0.52. The stock has a fifty day moving average of GBX 124.50 and a two-hundred day moving average of GBX 117.46. Centamin has a 12-month low of GBX 77.25 ($1.02) and a 12-month high of GBX 134.20 ($1.77).

Analyst Upgrades and Downgrades

CEY has been the topic of several research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 ($2.11) price objective on shares of Centamin in a research note on Wednesday, August 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 ($1.98) price target on shares of Centamin in a research note on Thursday, July 25th.

About Centamin

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.