Royal Bank of Canada Reiterates Outperform Rating for Centamin (CEY)

Royal Bank of Canada reissued their outperform rating on shares of Centamin (LON:CEY) in a research note published on Thursday. Royal Bank of Canada currently has a GBX 170 ($2.27) price target on the mining company’s stock.

Several other brokerages also recently issued reports on CEY. Jefferies Group lowered their price objective on shares of Centamin from GBX 170 ($2.27) to GBX 155 ($2.07) and set a hold rating for the company in a research report on Thursday, October 19th. Shore Capital reissued a not rated rating on shares of Centamin in a research report on Thursday, November 2nd. Numis Securities reissued a buy rating and set a GBX 170 ($2.27) price target on shares of Centamin in a research report on Friday, December 15th. Shore Capital Group reissued a not rated rating on shares of Centamin in a research report on Thursday, November 2nd. Finally, Panmure Gordon reissued a buy rating on shares of Centamin in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 182.22 ($2.44).

Shares of Centamin (CEY) opened at GBX 156.55 ($2.09) on Thursday. Centamin has a 1 year low of GBX 130.60 ($1.75) and a 1 year high of GBX 193.90 ($2.59). The stock has a market cap of $1,800.00 and a P/E ratio of 2,609.17.

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Centamin Company Profile

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.

Analyst Recommendations for Centamin (LON:CEY)

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