Goldman Sachs Group, Inc. (The) Reiterates “Conviction-Buy” Rating for Centamin PLC (CEY)

Centamin PLC (LON:CEY)‘s stock had its “conviction-buy” rating reissued by stock analysts at Goldman Sachs Group, Inc. (The) in a report released on Tuesday. They currently have a GBX 210 ($2.76) price target on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 44.13% from the company’s previous close.

Several other research firms have also issued reports on CEY. Numis Securities Ltd reiterated an “add” rating and issued a GBX 170 ($2.24) price objective on shares of Centamin PLC in a report on Tuesday, July 11th. Panmure Gordon reiterated a “buy” rating and issued a GBX 180 ($2.37) price objective on shares of Centamin PLC in a report on Thursday, August 3rd. Investec reiterated a “buy” rating and issued a GBX 185 ($2.43) price objective on shares of Centamin PLC in a report on Monday, June 12th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.17) price objective on shares of Centamin PLC in a report on Monday, July 10th. Finally, Shore Capital reiterated a “not rated” rating on shares of Centamin PLC in a report on Monday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Centamin PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 186.25 ($2.45).

Shares of Centamin PLC (LON CEY) opened at 145.70 on Tuesday. Centamin PLC has a 1-year low of GBX 114.60 and a 1-year high of GBX 193.90. The stock has a 50 day moving average of GBX 147.63 and a 200 day moving average of GBX 161.35. The company’s market cap is GBX 1.68 billion.

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Centamin PLC Company Profile

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.

Analyst Recommendations for Centamin PLC (LON:CEY)

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