According to a report issued to investors by numis on Tuesday, shares of Centamin (di) (LON:CEY) had their rating reiterated by analysts to ‘Buy’.
The analyst stated that the investment firm has set a price target of 170 on shares of LON:CEY. Based on the brokers price target of 170, this means numis believes there is a potential increase of 18.96% from the current stock price of 142.9.
Centamin (di) has 1,155,537,000 shares which are currently outstanding with shareholders and have a price of 142.9 bringing Centamin (di)’s market capitalisation to 1.65B GBP.
The company’s 50 day moving average is 130.81 and its 200 day moving average is 147.24. The 52 week high Centamin (di)’s shares have reached is 183.9 whilst the 52 week low for the company’s shares is 61.55.
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea. SGM is jointly owned by Pharaoh Gold Mines NL (PGM) and Egyptian Mineral Resource Authority (EMRA). It has a license holding over an area of approximately 100-kilometer trend of gold mineralization in Burkina Faso. The Company holds a tenement package over an approximately 2,200 square kilometer area in southern Burkina Faso, adjacent to the border with Cote d’Ivoire. It has seven permits in Cote d’Ivoire covering an area of over 2,330 square kilometers. Six of these are part of the Doropo Project across the border from Batie West in Burkina Faso and the other is in the west of the country.