Brokerages Set Centamin PLC (CEY) PT at $117.75

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Shares of Centamin PLC (LON:CEY) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 117.75 ($1.54).

A number of equities research analysts recently weighed in on the company. Goldman Sachs Group cut Centamin to a “neutral” rating and dropped their price target for the company from GBX 155 ($2.03) to GBX 120 ($1.57) in a report on Tuesday, October 30th. Numis Securities reaffirmed a “buy” rating and set a GBX 130 ($1.70) price target on shares of Centamin in a report on Friday, October 5th. Berenberg Bank dropped their price target on Centamin from GBX 142 ($1.86) to GBX 115 ($1.50) and set a “buy” rating for the company in a report on Tuesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 135 ($1.76) target price on shares of Centamin in a research note on Friday, October 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 115 ($1.50) target price (down from GBX 155 ($2.03)) on shares of Centamin in a research note on Wednesday, October 17th.

CEY stock opened at GBX 121.15 ($1.58) on Friday. Centamin has a fifty-two week low of GBX 130.60 ($1.71) and a fifty-two week high of GBX 193.90 ($2.53).

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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