Centamin plc (LON:CEY) Announces Dividend of $0.02

Centamin plc (LON:CEY) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 29th will be given a dividend of $0.02 per share by the mining company on Friday, September 27th. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Centamin’s previous dividend of $0.02. The official announcement can be seen at this link.

Centamin Trading Up 0.1 %

CEY opened at GBX 119.48 ($1.55) on Friday. Centamin has a one year low of GBX 77.25 ($1.00) and a one year high of GBX 134.20 ($1.74). The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09. The business has a 50 day simple moving average of GBX 122.66 and a two-hundred day simple moving average of GBX 112.47. The firm has a market capitalization of £1.39 billion, a price-to-earnings ratio of 1,990.00, a PEG ratio of -1.53 and a beta of 0.58.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CEY shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 150 ($1.94) target price on shares of Centamin in a report on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 160 ($2.07) price objective on shares of Centamin in a report on Thursday, July 18th.

Insiders Place Their Bets

In other Centamin news, insider Martin Horgan sold 95,783 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of GBX 123 ($1.59), for a total transaction of £117,813.09 ($152,370.78). 0.21% of the stock is currently owned by company 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.