Centamin (LON:CEY) Given Hold Rating at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Centamin (LON:CEY) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

CEY has been the topic of a number of other research reports. Goldman Sachs Group raised their target price on shares of Centamin from GBX 127 ($1.67) to GBX 135 ($1.78) and gave the company a neutral rating in a research report on Wednesday, February 5th. Royal Bank of Canada restated a sector performer rating on shares of Centamin in a research report on Monday, December 16th. Shore Capital restated a not rated rating on shares of Centamin in a research report on Wednesday, January 15th. Berenberg Bank raised their target price on shares of Centamin from GBX 116 ($1.53) to GBX 127 ($1.67) and gave the company a hold rating in a research report on Friday, January 10th. Finally, Numis Securities restated a buy rating on shares of Centamin in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 129.50 ($1.70).

Centamin stock traded down GBX 0.95 ($0.01) during mid-day trading on Thursday, reaching GBX 135.45 ($1.78). The company had a trading volume of 4,429,899 shares, compared to its average volume of 6,320,000. Centamin has a fifty-two week low of GBX 79.14 ($1.04) and a fifty-two week high of GBX 154.75 ($2.04). The company has a market cap of $1.55 billion and a P/E ratio of 29.45. The business has a fifty day simple moving average of GBX 127.86 and a 200 day simple moving average of GBX 124.14.

The firm also recently declared a dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.06 per share. This represents a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Centamin’s previous dividend of $0.04. Centamin’s payout ratio is 1.74%.

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.

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Analyst Recommendations for Centamin (LON:CEY)

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