Berenberg Bank Reaffirms “Buy” Rating for Centamin (LON:CEY)

Berenberg Bank reiterated their buy rating on shares of Centamin (LON:CEY) in a report published on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 150 ($1.87) price objective on the mining company’s stock.

Centamin Stock Down 0.4 %

Shares of LON CEY opened at GBX 127.60 ($1.59) on Thursday. The firm has a 50 day moving average price of GBX 105.50 and a 200 day moving average price of GBX 96.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.09 and a current ratio of 3.22. The stock has a market cap of £1.48 billion, a P/E ratio of 2,135.00, a P/E/G ratio of -1.53 and a beta of 0.60. Centamin has a 52-week low of GBX 77.25 ($0.96) and a 52-week high of GBX 132.80 ($1.65).

Centamin Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 19th. Investors of record on Thursday, May 30th will be paid a dividend of $0.02 per share. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 30th. Centamin’s payout ratio is presently 5,000.00%.

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, 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.