Centamin (LON:CEY) Stock Crosses Above 200-Day Moving Average of $98.14

Shares of Centamin plc (LON:CEY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.14 ($1.21) and traded as high as GBX 125.70 ($1.55). Centamin shares last traded at GBX 124.10 ($1.53), with a volume of 5,367,619 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.85) price target on shares of Centamin in a research note on Thursday, April 18th.

Centamin Trading Up 0.7 %

The company has a market cap of £1.45 billion, a price-to-earnings ratio of 2,083.33, a PEG ratio of -1.53 and a beta of 0.60. The firm has a 50 day moving average price of GBX 110.32 and a two-hundred day moving average price of GBX 98.44. The company has a quick ratio of 2.09, a current ratio of 3.22 and a debt-to-equity ratio of 0.37.

Centamin Announces Dividend

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

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.