Centamin PLC (CEY) Earns “Conviction-Buy” Rating from Goldman Sachs Group Inc

Centamin PLC (LON:CEY)‘s stock had its “conviction-buy” rating reaffirmed by Goldman Sachs Group Inc in a research note issued to investors on Thursday.

A number of other equities analysts have also recently issued reports on CEY. Numis Securities Ltd reissued a “hold” rating on shares of Centamin PLC in a report on Friday, November 18th. Panmure Gordon reissued a “hold” rating on shares of Centamin PLC in a report on Monday, January 9th. Canaccord Genuity reissued a “buy” rating on shares of Centamin PLC in a report on Monday, January 9th. Finally, Macquarie reissued an “outperform” rating on shares of Centamin PLC in a report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 91.67 ($1.13).

Analyst Recommendations for Centamin PLC (LON:CEY)

Shares of Centamin PLC (LON:CEY) opened at 175.30 on Thursday. The stock’s 50 day moving average price is GBX 171.59 and its 200 day moving average price is GBX 150.49. Centamin PLC has a 52 week low of GBX 83.65 and a 52 week high of GBX 183.90. The stock’s market cap is GBX 2.02 billion.

The company also recently declared a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be paid a GBX 0.14 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a dividend yield of 6.67%. This is a positive change from Centamin PLC’s previous dividend of $0.02.

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In other Centamin PLC news, insider Josef El-Raghy sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, February 20th. The shares were sold at an average price of GBX 178 ($2.20), for a total value of £8,900,000 ($10,991,725.33). Insiders sold 24,040,000 shares of company stock worth $4,223,160,000 in the last 90 days.

Centamin PLC 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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