Centamin (LON:CEY) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Centamin (LON:CEY) in a research report released on Wednesday, Marketbeat reports. They currently have a GBX 160 ($2.03) price target on the mining company’s stock.

Centamin Stock Down 0.4 %

Shares of LON CEY opened at GBX 120.90 ($1.53) on Wednesday. Centamin has a 12 month low of GBX 77.25 ($0.98) and a 12 month high of GBX 132.80 ($1.68). The company has a current ratio of 3.22, a quick ratio of 2.09 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of £1.40 billion, a price-to-earnings ratio of 2,015.00, a PEG ratio of -1.53 and a beta of 0.58. The business has a 50-day moving average of GBX 120.98 and a 200-day moving average of GBX 108.70.

Insider Transactions at Centamin

In other news, insider Martin Horgan sold 95,783 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of GBX 123 ($1.56), for a total transaction of £117,813.09 ($149,452.10). 0.21% of the stock is owned by insiders.

About Centamin

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.