Centamin plc (LON:CEY) receives consensus ‘moderate buy’ recommendation from analysts
Shares of Centamin plc (LON:CEY – Get Rating) received a consensus “moderate buy” recommendation from the six brokerages that cover the company, MarketBeat.com reports. One investment analyst rated the stock with a hold recommendation and five gave the company a buy recommendation. The 1-year average price target among brokerages that have covered the stock over the past year is 127.50 GBX ($1.54).
Several brokerages have commented on CEY. Royal Bank of Canada raised its price target on Centamin shares from GBX 155 ($1.87) to GBX 165 ($1.99) and gave the company an “outperform” rating in a rating. research from Thursday, August 18. Berenberg Bank reiterated a “buy” rating and issued a GBX 112 ($1.35) price target on Centamin shares in a research note on Thursday, August 4.
Centamin shares down 2.6%
Shares of LON:CEY opened at GBX 84 ($1.01) on Wednesday. The company’s 50-day rolling average price is 88.49 GBX and its 200-day rolling average price is 87.07 GBX. The stock has a market capitalization of £971.42 million and a price/earnings ratio of 840.00. Centamin has a fifty-two week minimum of GBX 74.18 ($0.90) and a fifty-two week maximum of GBX 110.98 ($1.34). The company has a quick ratio of 2.09, a current ratio of 3.94 and a debt ratio of 0.39.
Centamin reduces the dividend
The company also recently announced a dividend, which will be paid on Friday, October 7. Shareholders of record on Thursday, September 1 will receive a dividend of $0.03 per share. The ex-date of this dividend is Thursday, September 1. This represents a dividend yield of 2.5%. Centamin’s dividend payout ratio (DPR) is currently 90.29%.
Centamine Company Profile
(Get a rating)
Centamin plc is engaged in the exploration, mining and development of precious metals in Egypt, Burkina Faso, Ivory Coast, Jersey, United Kingdom and Australia. The company explores gold deposits. Its main asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.
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