Stock analysts at Goldman Sachs Group Inc. cut their target price on shares of Centamin (LON:CEY) from GBX 60 ($0.93) to GBX 55 ($0.85) in a report issued on Thursday, American Banking News reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 52.78% from the stock’s previous close.
Centamin (LON:CEY) opened at 36.95 on Thursday. Centamin has a 52-week low of GBX 19.00 and a 52-week high of GBX 108.30. The stock has a 50-day moving average of GBX 88.41 and a 200-day moving average of GBX 71.94. The company’s market cap is £407.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Centamin in a research note to investors on Wednesday. They now have a GBX 38 ($0.59) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Centamin in a research note to investors on Wednesday. They now have a GBX 70 ($1.09) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Centamin in a research note to investors on Wednesday. They now have a GBX 55 ($0.85) price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 50.96 ($0.79).
Centamin plc is the ultimate holding company. The Company, along with its subsidiaries, is engaged in the business of exploration for precious and base metals.
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