Centamin (CEY) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Centamin (LON:CEY) in a research report released on Friday. They currently have a GBX 135 ($1.76) price target on the mining company’s stock.

Separately, Numis Securities lifted their price objective on Centamin from GBX 180 ($2.34) to GBX 200 ($2.61) and gave the company a buy rating in a report on Tuesday, July 10th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Centamin presently has a consensus rating of Buy and a consensus price target of GBX 175.17 ($2.28).

Shares of CEY opened at GBX 91.34 ($1.19) on Friday. Centamin has a twelve month low of GBX 130.60 ($1.70) and a twelve month high of GBX 193.90 ($2.53).

The company also recently declared a dividend, which was paid on Friday, September 28th. Stockholders of record on Thursday, August 30th were paid a dividend of $0.03 per share. This represents a dividend yield of 1.68%. The ex-dividend date was Thursday, August 30th.

About Centamin

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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