Centamin (LON:CEY) had its price objective increased by research analysts at Numis Securities from GBX 170 ($2.31) to GBX 200 ($2.71) in a report released on Thursday, January 11th. The firm presently has a “buy” rating on the mining company’s stock. Numis Securities’ price objective indicates a potential upside of 22.74% from the company’s current price.
Several other research analysts have also commented on the stock. Shore Capital reaffirmed a “not rated” rating on shares of Centamin in a report on Thursday, November 2nd. Jefferies Group decreased their price target on shares of Centamin from GBX 170 ($2.31) to GBX 155 ($2.10) and set a “hold” rating for the company in a report on Thursday, October 19th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 205 ($2.78) price target on shares of Centamin in a report on Friday, November 24th. Panmure Gordon reaffirmed a “buy” rating on shares of Centamin in a report on Thursday, November 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a GBX 170 ($2.31) target price on shares of Centamin in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 185.56 ($2.52).
Centamin (LON CEY) opened at GBX 162.30 ($2.20) on Thursday. Centamin has a 12 month low of GBX 130.60 ($1.77) and a 12 month high of GBX 193.90 ($2.63). The company has a market cap of $1,880.00 and a price-to-earnings ratio of 2,705.00.
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
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