Centamin (LON:CEY)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities in a research note issued on Friday. They presently have a GBX 130 ($1.69) price target on the mining company’s stock. Numis Securities’ price target indicates a potential upside of 43.87% from the company’s previous close.
Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 135 ($1.76) target price on shares of Centamin in a report on Friday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Centamin currently has an average rating of “Buy” and an average price target of GBX 163.50 ($2.13).
Shares of Centamin stock opened at GBX 90.36 ($1.18) on Friday. Centamin has a 52 week low of GBX 130.60 ($1.70) and a 52 week 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.
Further Reading: Does the discount rate affect the economy?
Receive News & Ratings for Centamin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centamin and related companies with MarketBeat.com's FREE daily email newsletter.