Centamin (CEY) Lowered to Hold at Berenberg Bank

Share on StockTwits

Berenberg Bank lowered shares of Centamin (LON:CEY) to a hold rating in a research report report published on Friday. The firm currently has GBX 106 ($1.39) price target on the mining company’s stock, down from their previous price target of GBX 115 ($1.50).

A number of other research analysts also recently weighed in on CEY. Royal Bank of Canada dropped their price target on Centamin from GBX 160 ($2.09) to GBX 135 ($1.76) and set an outperform rating on the stock in a research note on Tuesday, September 18th. Goldman Sachs Group downgraded Centamin to a neutral rating and dropped their price target for the stock from GBX 155 ($2.03) to GBX 120 ($1.57) in a research note on Tuesday, October 30th. Jefferies Financial Group reaffirmed a hold rating and set a GBX 115 ($1.50) price target (down from GBX 155 ($2.03)) on shares of Centamin in a research note on Wednesday, October 17th. Finally, Numis Securities reaffirmed a buy rating and set a GBX 130 ($1.70) price target on shares of Centamin in a research note on Friday, October 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Centamin presently has an average rating of Buy and a consensus target price of GBX 136 ($1.78).

Shares of Centamin stock traded up GBX 0.92 ($0.01) on Friday, hitting GBX 100.20 ($1.31). 6,790,858 shares of the company’s stock traded hands, compared to its average volume of 6,320,000. Centamin has a one year low of GBX 130.60 ($1.71) and a one year high of GBX 193.90 ($2.53).

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.

Featured Article: Diversification Important in Investing

Analyst Recommendations for Centamin (LON:CEY)

Receive News & Ratings for Centamin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centamin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply