Centamin PLC (LON:CEY) Rating Reaffirmed
In an interesting research report published this morning, Macquarie has restated their Outperform rating on Centamin PLC (LON:CEY) shares. The TP would now indicate a possible upside of 31.84% from company’s close price.
From a total of 9 analysts covering Centamin PLC (LON:CEY) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is GBX 80 while the lowest target price is GBX 50. The mean of all analyst targets is GBX 69.78 with a 15.24% above today’s (GBX 60.55) stock price. Centamin PLC was the topic of 31 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on November 23 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and GBX 70 target share price in a report from a November 11. Nomura maintained CEY stock in a recent report from November 13 with “Neutral” rating. Canaccord Genuity maintained the rating on November 11. Canaccord Genuity has a “Buy” rating and a GBX 75 price target on shares. Finally, Goldman Sachs maintained the stock with “Conviction Buy” rating in a report issued on a November 12.
Approximately 145,381 shares of stock traded hands. Centamin PLC (LON:CEY) has declined 5.78% since May 1, 2015 and is downtrending. It has underperformed by 4.89% the S&P500.
Centamin plc is a mineral exploration, development and mining company. The company has a market cap of 697.60 million GBP. The Firm operates in Egypt, Ethiopia, United Kingdom and Australia. It has 12.14 P/E ratio. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s wholly owned subsidiary Pharaoh Gold Mines NL and Egyptian Mineral Resource Authority (EMRA) on a 50% equal basis.