Investment analysts at Peel Hunt began coverage on shares of Centamin (LON:CEY) in a research report issued on Friday. The firm set a “hold” rating and a GBX 95 ($1.24) price target on the mining company’s stock. Peel Hunt’s price objective would indicate a potential upside of 3.49% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group decreased their price target on Centamin from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating on the stock in a report on Tuesday, February 26th. Goldman Sachs Group decreased their price target on Centamin from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “neutral” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada decreased their price target on Centamin from GBX 110 ($1.44) to GBX 105 ($1.37) and set a “sector performer” rating on the stock in a report on Friday, March 8th. Finally, Berenberg Bank cut Centamin to a “hold” rating and decreased their price target for the company from GBX 115 ($1.50) to GBX 106 ($1.39) in a report on Friday, December 7th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Centamin currently has a consensus rating of “Hold” and an average price target of GBX 107.67 ($1.41).
Centamin stock opened at GBX 91.80 ($1.20) on Friday. Centamin has a 12-month low of GBX 130.60 ($1.71) and a 12-month high of GBX 193.90 ($2.53).
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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