Centamin PLC Declines Again; Strong Momentum for Sellers

 Centamin PLC Declines Again; Strong Momentum for Sellers

The stock of Centamin PLC (LON:CEY) is a huge mover today! The stock decreased 0.86% or GBX 1.14 on November 23, hitting GBX 131.36. About 11.31M shares traded hands or 264.84% up from the average. Centamin PLC (LON:CEY) has risen 31.06% since April 26, 2016 and is uptrending. It has outperformed by 25.73% the S&P500.
The move comes after 6 months negative chart setup for the GBX 1.52 billion company. It was reported on Nov, 23 by Barchart.com. We have GBX 127.42 PT which if reached, will make LON:CEY worth GBX 45.60M less.

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. GBX 200 is the highest target while GBX 50 is the lowest. The GBX 147.64 average target is 12.39% above today’s (GBX 131.36) stock price. Centamin PLC has been the topic of 75 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of CEY in a report on Tuesday, November 1 with “Sector Performer” rating. Investec maintained Centamin PLC (LON:CEY) on Friday, September 2 with “Buy” rating. The stock of Centamin PLC (LON:CEY) earned “Hold” rating by Jefferies on Tuesday, November 1. The firm earned “Reduce” rating on Tuesday, July 21 by Nomura. Panmure Gordon maintained the shares of CEY in a report on Thursday, January 7 with “Hold” rating. Goldman Sachs maintained it with “Conviction Buy” rating and GBX 80 target price in Thursday, November 12 report. On Monday, August 22 the stock rating was maintained by Macquarie Research with “Outperform”. The company was maintained on Monday, April 18 by Numis Securities. The firm has “Hold” rating given on Wednesday, July 29 by Numis Securities. Investec upgraded Centamin PLC (LON:CEY) rating on Thursday, September 3. Investec has “Buy” rating and GBX 67 price target.

Centamin plc is a mineral exploration, development and mining company. The company has a market cap of 1.52 billion GBP. The Firm operates in Egypt, Ethiopia, the United Kingdom and Australia. It has a 9.23 P/E ratio. The Company’s segment is the business of exploration and mining of precious metals.

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