Centamin (LON:CEY) Given New GBX 105 Price Target at Peel Hunt

Centamin (LON:CEY) had its price objective raised by Peel Hunt from GBX 95 ($1.24) to GBX 105 ($1.37) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the mining company’s stock.

CEY has been the topic of a number of other reports. Numis Securities reaffirmed a buy rating and set a GBX 110 ($1.44) target price on shares of Centamin in a research report on Wednesday, April 24th. Royal Bank of Canada reissued a sell rating and issued a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Centamin currently has an average rating of Hold and a consensus price target of GBX 106 ($1.39).

Shares of Centamin stock opened at GBX 113.70 ($1.49) on Wednesday. Centamin has a 52 week low of GBX 79.14 ($1.03) and a 52 week high of GBX 136.75 ($1.79). The firm has a 50 day moving average price of GBX 104.12. The firm has a market capitalization of $1.31 billion and a PE ratio of 17.77.

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.

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