Centamin (CEY) Given “Outperform” Rating at BNP Paribas

Posted by Stephan Byrd on Apr 6th, 2018 // Comments off

BNP Paribas reiterated their outperform rating on shares of Centamin (LON:CEY) in a research report report published on Thursday.

CEY has been the topic of several other reports. Royal Bank of Canada reiterated an outperform rating and issued a GBX 170 ($2.39) target price on shares of Centamin in a report on Thursday, January 4th. Berenberg Bank reiterated a hold rating and issued a GBX 156 ($2.19) target price on shares of Centamin in a report on Friday, March 9th. Numis Securities reiterated a buy rating and issued a GBX 170 ($2.39) target price on shares of Centamin in a report on Friday, December 15th. Finally, Goldman Sachs reiterated a conviction-buy rating and issued a GBX 195 ($2.74) target price on shares of Centamin in a report on Monday, March 26th. 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. The stock currently has a consensus rating of Buy and a consensus target price of GBX 181.60 ($2.55).

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LON:CEY traded down GBX 0.45 ($0.01) on Thursday, hitting GBX 152.40 ($2.14). The stock had a trading volume of 6,116,533 shares, compared to its average volume of 6,320,000. Centamin has a 1-year low of GBX 130.60 ($1.83) and a 1-year high of GBX 193.90 ($2.72).

The business also recently declared a dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 22nd will be paid a $0.10 dividend. This represents a dividend yield of 4.34%. This is an increase from Centamin’s previous dividend of $0.03. The ex-dividend date is Thursday, March 22nd.

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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.

Analyst Recommendations for Centamin (LON:CEY)

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