Berenberg Bank restated their hold rating on shares of Centamin (LON:CEY) in a research note issued to investors on Friday morning. Berenberg Bank currently has a GBX 156 ($2.16) price objective on the mining company’s stock.
Several other equities research analysts have also recently issued reports on CEY. Goldman Sachs Group reissued a conviction-buy rating and issued a GBX 205 ($2.83) target price on shares of Centamin in a research report on Friday, November 24th. Numis Securities reissued a buy rating and issued a GBX 170 ($2.35) target price on shares of Centamin in a research report on Friday, December 15th. Royal Bank of Canada reissued an outperform rating and issued a GBX 170 ($2.35) target price on shares of Centamin in a research report on Thursday, January 4th. Finally, BNP Paribas reissued an outperform rating and issued a GBX 210 ($2.90) target price on shares of Centamin in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Centamin currently has a consensus rating of Buy and an average price target of GBX 182.60 ($2.52).
Shares of Centamin (CEY) opened at GBX 151.50 ($2.09) on Friday. Centamin has a 12-month low of GBX 130.60 ($1.80) and a 12-month high of GBX 193.90 ($2.68). The stock has a market cap of $1,750.00 and a P/E ratio of 2,164.29.
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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