Centamin PLC (LON:CEY) has earned an average recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 188.67 ($2.46).
CEY has been the subject of several research reports. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 170 ($2.21) target price on shares of Centamin PLC in a research report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.15) price objective on shares of Centamin PLC in a research note on Monday, July 10th. Investec reiterated a “buy” rating and issued a GBX 185 ($2.41) price objective on shares of Centamin PLC in a research note on Monday, June 12th. Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research note on Wednesday, May 3rd. Finally, Macquarie lifted their price objective on Centamin PLC from GBX 180 ($2.34) to GBX 200 ($2.61) and gave the company an “outperform” rating in a research note on Thursday, June 8th.
In other news, insider Andrew Pardey sold 33,333 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of GBX 168 ($2.19), for a total value of £55,999.44 ($72,953.93). Also, insider Josef El-Raghy sold 5,000,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of GBX 173 ($2.25), for a total value of £8,650,000 ($11,268,890.05). Insiders sold 10,383,333 shares of company stock worth $1,817,549,944 in the last three months.
Shares of Centamin PLC (LON:CEY) traded up 2.79% during midday trading on Monday, reaching GBX 162.00. 4,662,256 shares of the company’s stock were exchanged. Centamin PLC has a 12-month low of GBX 114.60 and a 12-month high of GBX 193.90. The firm has a 50-day moving average of GBX 162.97 and a 200-day moving average of GBX 166.29. The stock’s market capitalization is GBX 1.87 billion.
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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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