Centamin PLC (CEY) Insider Purchases £52,000 in Stock

Centamin PLC (LON:CEY) insider Mark Bankes bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The stock was bought at an average price of GBX 130 ($1.73) per share, with a total value of £52,000 ($69,231.79).

Shares of LON:CEY traded down GBX 0.25 ($0.00) during trading on Thursday, reaching GBX 119.50 ($1.59). 8,965,476 shares of the stock traded hands, compared to its average volume of 6,320,000. Centamin PLC has a 52-week low of GBX 130.60 ($1.74) and a 52-week high of GBX 193.90 ($2.58).

Several research firms have issued reports on CEY. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 195 ($2.60) price target on shares of Centamin in a research report on Monday, March 26th. BNP Paribas reaffirmed an “outperform” rating on shares of Centamin in a research note on Thursday, April 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 156 ($2.08) price target on shares of Centamin in a research note on Friday, March 9th. Royal Bank of Canada reissued an “outperform” rating on shares of Centamin in a research note on Monday, April 9th. Finally, Numis Securities raised shares of Centamin to a “buy” rating and set a GBX 180 ($2.40) price target for the company in a research note on Tuesday, May 29th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 176.38 ($2.35).

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.

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