Centamin (OTCMKTS:CELTF) Raised to Hold at Zacks Investment Research

Centamin (OTCMKTS:CELTF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “

A number of other analysts have also commented on CELTF. Goldman Sachs Group lowered Centamin from a “buy” rating to a “neutral” rating in a research note on Friday, October 18th. Jefferies Financial Group raised Centamin from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Finally, ValuEngine lowered Centamin from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $106.00.

Shares of Centamin stock traded up $0.05 during trading hours on Thursday, hitting $1.50. 2,100 shares of the company were exchanged, compared to its average volume of 9,155. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 25.00 and a beta of 0.34. Centamin has a 1 year low of $1.03 and a 1 year high of $1.87. The business has a 50-day moving average of $1.48 and a 200-day moving average of $1.41.

About Centamin

Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.

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