Is Buying Stock Like Centamin PLC After Such Increase Winning Strategy?

 Is Buying Stock Like Centamin PLC After Such Increase Winning Strategy?

The stock of Centamin PLC (LON:CEY) is a huge mover today! The stock decreased 7.49% or GBX 12.3 on November 10, hitting GBX 152. About 15.10M shares traded hands or 387.10% up from the average. Centamin PLC (LON:CEY) has risen 59.67% since April 13, 2016 and is uptrending. It has outperformed by 54.02% the S&P500.
The move comes after 7 months positive chart setup for the GBX 1.75 billion company. It was reported on Nov, 10 by Barchart.com. We have GBX 196.08 PT which if reached, will make LON:CEY worth GBX 507.50M more.

Centamin PLC (LON:CEY) Ratings Coverage

Out of 12 analysts covering Centamin PLC (LON:CEY), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. Centamin PLC has been the topic of 74 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 8. Numis Securities maintained Centamin PLC (LON:CEY) rating on Tuesday, March 8. Numis Securities has “Hold” rating and GBX 100 price target. Panmure Gordon downgraded Centamin PLC (LON:CEY) rating on Thursday, August 11. Panmure Gordon has “Hold” rating and GBX 168 price target. The rating was maintained by Numis Securities on Thursday, July 23 with “Hold”. Canaccord Genuity maintained it with “Buy” rating and GBX 75 target price in Wednesday, November 11 report. The firm earned “Buy” rating on Monday, March 21 by Canaccord Genuity. On Tuesday, July 19 the stock rating was maintained by Numis Securities with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 11 report. As per Friday, May 6, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, August 13 by Numis Securities.

More news for Centamin PLC (LON:CEY) were recently published by: Marketwired.com, which released: “Centamin plc Results for the Third Quarter and Nine Months Ended 30 September 2016” on October 31, 2016. Fool.Co.Uk‘s article titled: “Can 2016 winners Centamin plc (+145%), Anglo American plc (+149%) and Lonmin …” and published on July 08, 2016 is yet another important article.

Centamin plc is a mineral exploration, development and mining company. The company has a market cap of 1.75 billion GBP. The Firm operates in Egypt, Ethiopia, the United Kingdom and Australia. It has a 10.65 P/E ratio. The Company’s segment is the business of exploration and mining of precious metals.

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