Centamin (LON:CEY) Reaches New 12-Month High – Still a Buy?

Centamin plc (LON:CEY)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 173.80 ($2.26) and last traded at GBX 171.50 ($2.23), with a volume of 5468875 shares traded. The stock had previously closed at GBX 167.92 ($2.18).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CEY. Berenberg Bank restated a “buy” rating and set a GBX 160 ($2.08) target price on shares of Centamin in a research note on Wednesday, August 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Centamin in a research note on Tuesday, September 10th.

Centamin Trading Up 1.2 %

The stock has a market capitalization of £2.00 billion, a PE ratio of 3,400.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44. The business’s 50-day moving average is GBX 143.86 and its two-hundred day moving average is GBX 130.42.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.