Centamin PLC (LON:CEY) had its target price decreased by Panmure Gordon from GBX 209 ($2.64) to GBX 202 ($2.56) in a research note issued on Monday, May 15th, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the mining company’s stock. Panmure Gordon’s price target indicates a potential upside of 21.98% from the company’s current price.
CEY has been the subject of several other reports. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Centamin PLC in a research note on Thursday, March 16th. Numis Securities Ltd downgraded shares of Centamin PLC to a “hold” rating in a research note on Monday, February 6th. Macquarie restated an “outperform” rating on shares of Centamin PLC in a research note on Monday, February 6th. Finally, Canaccord Genuity restated a “buy” rating on shares of Centamin PLC in a research note on Wednesday, February 1st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 199.25 ($2.52).
Shares of Centamin PLC (LON CEY) traded up 0.91% during trading on Monday, hitting GBX 165.60. The stock had a trading volume of 66,309,870 shares. The stock’s market cap is GBX 1.91 billion. The stock’s 50 day moving average price is GBX 166.33 and its 200-day moving average price is GBX 160.24. Centamin PLC has a one year low of GBX 104.10 and a one year high of GBX 193.90.
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In other news, insider Andrew Pardey sold 33,333 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of GBX 168 ($2.13), for a total transaction of £55,999.44 ($70,840.53). Also, insider Josef El-Raghy sold 5,350,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of GBX 177 ($2.24), for a total transaction of £9,469,500 ($11,979,127.13). In the last ninety days, insiders sold 10,383,333 shares of company stock worth $1,817,549,944.
About Centamin PLC
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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