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Centamin PLC (LON:CEY) stock price target increased to 200.00GBX, issued a research note today by RBC Capital Markets

In a report released on Friday September 30, 2016 RBC Capital Markets increased the stock price target of Centamin PLC (LON:CEY) from 190.00GBX to 200.00GBX indicating a possible upside of 0.46%.

Previously on 09/20/2016, Macquarie reported on Centamin PLC (LON:CEY) held steady the target price at 150.00GBX. At the time, this indicated a possible upside of 0.04%.

Yesterday Centamin PLC (LON:CEY) traded -0.67% lower at 137.00GBX. The company’s 50-day moving average is 156.79GBX and its 200-day moving average is 129.69GBX. The last closing price is up 14.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 7,646,893 shares of the stock traded hands, down from an average trading volume of 9,097,500

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Centamin PLC (LON:CEY)

Centamin PLC has a 52 week low of 55.65GBX and a 52 week high of 183.90GBX with a P/E ratio of 14.69 The company’s market cap is currently 0 GBX.

In addition to RBC Capital Markets reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is 1.63GBX with 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Centamin PLC (LON:CEY)

Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company's segment is the business of exploration and mining of precious metals. The Company's principal asset is the Sukari Gold Mine, which is jointly owned by the Company's subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis. Sukari Gold Mine is a gold mine located in Egypt. Through PGM, the Company has entered into the concession agreement with EMRA and the Arab Republic of Egypt granting PGM and EMRA the right to explore, develop, mine and sell gold and associated minerals in specific concession areas located in the Eastern desert of Egypt. Centamin's subsidiaries include Centamin Egypt Limited, Viking Resources Limited, Ampella Share Plan Ltd, Konkera SA, Shebla exploration Limited and North African Resources NL.

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