Centamin (CEY) Cut to “Sector Performer” at Royal Bank of Canada

Centamin (LON:CEY) was downgraded by equities research analysts at Royal Bank of Canada to a “sector performer” rating in a report released on Wednesday.

A number of other equities research analysts have also issued reports on the stock. Berenberg Bank lowered shares of Centamin to a “hold” rating and reduced their target price for the stock from GBX 115 ($1.50) to GBX 106 ($1.39) in a report on Friday, December 7th. Goldman Sachs Group lowered shares of Centamin to a “neutral” rating and reduced their target price for the stock from GBX 155 ($2.03) to GBX 120 ($1.57) in a report on Tuesday, October 30th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 115 ($1.50) target price (down from GBX 155 ($2.03)) on shares of Centamin in a report on Wednesday, October 17th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 130 ($1.70) target price on shares of Centamin in a report on Friday, October 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Centamin presently has a consensus rating of “Hold” and a consensus price target of GBX 136 ($1.78).

Centamin stock opened at GBX 120.95 ($1.58) on Wednesday. Centamin has a 52-week low of GBX 130.60 ($1.71) and a 52-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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