Centamin’s (CEY) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Centamin (LON:CEY)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a research report issued on Thursday. They presently have a GBX 170 ($2.27) price objective on the mining company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 7.83% from the company’s previous close.

Several other research analysts have also recently weighed in on CEY. Shore Capital Group reissued a “not rated” rating on shares of Centamin in a report on Thursday, November 2nd. Numis Securities restated a “buy” rating and set a GBX 170 ($2.27) target price on shares of Centamin in a research report on Monday, September 25th. Shore Capital restated a “not rated” rating on shares of Centamin in a research report on Monday, October 9th. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 210 ($2.81) target price on shares of Centamin in a research report on Tuesday, October 10th. Finally, Panmure Gordon restated a “buy” rating on shares of Centamin in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 182.22 ($2.44).

Centamin (LON CEY) opened at GBX 157.65 ($2.11) on Thursday. Centamin has a twelve month low of GBX 130.60 ($1.75) and a twelve month high of GBX 193.90 ($2.59). The firm has a market cap of $1,830.00 and a P/E ratio of 2,627.50.

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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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