Centamin (LON:CEY) Shares Cross Below Fifty Day Moving Average of $106.30

Centamin PLC (LON:CEY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $106.30 and traded as low as $113.55. Centamin shares last traded at $114.60, with a volume of 6,908,359 shares traded.

A number of equities analysts have weighed in on CEY shares. Royal Bank of Canada reissued a “sell” rating and issued a $7.50 target price on shares of Deutsche Bank in a research report on Thursday, April 25th. Berenberg Bank set a €130.00 ($151.16) target price on SAP and gave the stock a “buy” rating in a research report on Friday. Numis Securities reissued a “buy” rating and issued a GBX 110 ($1.44) target price on shares of Centamin in a research report on Wednesday, April 24th. Finally, Peel Hunt decreased their target price on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating for the company in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 106 ($1.39).

The firm has a market capitalization of $1.37 billion and a PE ratio of 18.48. The company’s 50-day moving average price is GBX 107.49.

Centamin Company Profile (LON:CEY)

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.

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