Centamin PLC (LON:CEY) declared a dividend on Monday, February 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.03 per share by the mining company on Monday, May 13th. This represents a yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Centamin’s previous dividend of $0.03. The official announcement can be seen at this link.
Shares of CEY stock opened at GBX 81.78 ($1.07) on Wednesday. Centamin has a 12 month low of GBX 84.74 ($1.11) and a 12 month high of GBX 166.90 ($2.18). The company has a market cap of $948.48 million and a price-to-earnings ratio of 12.78.
Several brokerages have commented on CEY. Royal Bank of Canada downgraded Centamin to a “sector performer” rating in a report on Wednesday, January 9th. Jefferies Financial Group lowered their price target on Centamin from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating on the stock in a report on Tuesday, February 26th. Peel Hunt began coverage on Centamin in a report on Friday, March 22nd. They set a “hold” rating and a GBX 95 ($1.24) price target on the stock. Finally, Goldman Sachs Group increased their price target on Centamin from GBX 115 ($1.50) to GBX 130 ($1.70) and gave the company a “neutral” rating in a report on Friday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 107.67 ($1.41).
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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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