Several other research analysts also recently commented on the stock. Jefferies Group LLC decreased their target price on shares of Centamin PLC from GBX 170 ($2.24) to GBX 155 ($2.05) and set a hold rating on the stock in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating and issued a GBX 210 ($2.77) target price on shares of Centamin PLC in a research note on Tuesday, October 10th. Shore Capital reaffirmed a not rated rating on shares of Centamin PLC in a research note on Monday, October 9th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 170 ($2.24) target price on shares of Centamin PLC in a research note on Monday, September 25th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 165 ($2.18) target price on shares of Centamin PLC in a research note on Monday, July 10th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of GBX 184.38 ($2.43).
Shares of Centamin PLC (CEY) traded down GBX 5.50 ($0.07) during midday trading on Thursday, hitting GBX 131.80 ($1.74). 8,239,393 shares of the company traded hands, compared to its average volume of 5,460,000. Centamin PLC has a 12 month low of GBX 114.60 ($1.51) and a 12 month high of GBX 193.90 ($2.56).
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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