Centamin (LON:CEY) Shares Cross Above Two Hundred Day Moving Average of $122.23

Centamin plc (LON:CEY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 122.23 ($1.61) and traded as high as GBX 154.67 ($2.04). Centamin shares last traded at GBX 151.90 ($2.01), with a volume of 6,142,023 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 150 ($1.98) target price on shares of Centamin in a report on Tuesday, September 10th. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($2.11) price target on shares of Centamin in a research report on Wednesday, August 21st.

Centamin Stock Up 1.4 %

The company has a current ratio of 3.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The company has a market capitalization of £1.78 billion, a PE ratio of 3,030.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.56. The business’s 50-day simple moving average is GBX 129.18 and its 200-day simple moving average is GBX 122.43.

Centamin Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.02 per share. This is a boost from Centamin’s previous dividend of $0.02. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 1.35%. Centamin’s dividend payout ratio (DPR) is presently 6,000.00%.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.