Jefferies International announced Centamin PLC (LON:CEY), dropping its stock price target to 160.00GBX today
- Updated: October 14, 2016
Just yesterday Centamin PLC (LON:CEY) traded -3.28% lower at 148.25GBX. Centamin PLC’s 50-day moving average is 149.88GBX and its 200-day moving average is 133.43GBX. The last closing price is up 8.22% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 6,650,587 shares of CEY traded hands, down from an average trading volume of 9,038,360
In a report released on 10/14/2016 Jefferies International reduced the stock price target of Centamin PLC (LON:CEY) from 170.00GBX to 160.00GBX reporting a possible upside of 0.08%.
Previously on 10/11/2016, Numis reported on Centamin PLC (LON:CEY) reduced the target price from 180.00GBX to 170.00GBX. At the time, this indicated a possible upside of 0.10%.
Recent Performance Chart
Centamin PLC has 52 week low of 55.65GBX and a 52 week high of 183.90GBX with a PE ratio of 14.30 and has a market capitalization of 0 GBX.
In addition to Jefferies International 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.
Brief Synopsis On 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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