Centamin (CEY) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Centamin (LON:CEY) in a research report report published on Thursday. They currently have a GBX 170 ($2.27) target price on the mining company’s stock.

A number of other research analysts have also issued reports on CEY. Numis Securities reaffirmed a buy rating and set a GBX 170 ($2.27) target price on shares of Centamin in a report on Monday, September 25th. Shore Capital reaffirmed a not rated rating on shares of Centamin in a report on Monday, October 9th. Goldman Sachs Group reiterated a conviction-buy rating and issued a GBX 210 ($2.81) price target on shares of Centamin in a research report on Tuesday, October 10th. Jefferies Group decreased their price target on Centamin from GBX 170 ($2.27) to GBX 155 ($2.07) and set a hold rating for the company in a research report on Thursday, October 19th. Finally, Panmure Gordon reiterated a buy rating on shares of Centamin in a research report on Thursday, November 2nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Centamin currently has an average rating of Buy and an average price target of GBX 182.22 ($2.44).

Centamin (CEY) opened at GBX 157.55 ($2.11) on Thursday. The stock has a market capitalization of $1,810.00 and a PE ratio of 2,625.83. Centamin has a fifty-two week low of GBX 130.60 ($1.75) and a fifty-two week high of GBX 193.90 ($2.59).

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About Centamin

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 (LON:CEY)

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