Royal Bank of Canada reaffirmed their sector performer rating on shares of Centamin (LON:CEY) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms have also issued reports on CEY. Goldman Sachs Group reduced their price target on Centamin from GBX 130 ($1.70) to GBX 100 ($1.31) and set a neutral rating on the stock in a research report on Friday, March 1st. Peel Hunt started coverage on Centamin in a research report on Friday, March 22nd. They set a hold rating and a GBX 95 ($1.24) price target on the stock. Finally, Jefferies Financial Group reduced their price target on Centamin from GBX 125 ($1.63) to GBX 110 ($1.44) and set a hold rating on the stock in a research report on Tuesday, February 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Centamin currently has a consensus rating of Hold and a consensus target price of GBX 104.33 ($1.36).
CEY opened at GBX 91.20 ($1.19) on Thursday. Centamin has a 1 year low of GBX 79.14 ($1.03) and a 1 year high of GBX 166.90 ($2.18). The company has a market cap of $1.05 billion and a P/E ratio of 14.25.
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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