Royal Bank of Canada Trims Centamin (LON:CEY) Target Price to GBX 105

Centamin (LON:CEY) had its price objective cut by Royal Bank of Canada from GBX 110 ($1.44) to GBX 105 ($1.37) in a research note issued on Friday, March 8th. The firm presently has a “sector performer” rating on the mining company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 15.18% from the company’s previous close.

A number of other analysts also recently commented on the stock. Goldman Sachs Group boosted their price target on shares of Centamin from GBX 115 ($1.50) to GBX 130 ($1.70) and gave the stock a “neutral” rating in a research report on Friday, February 22nd. Berenberg Bank downgraded shares of Centamin to a “hold” rating and dropped their price target for the stock from GBX 115 ($1.50) to GBX 106 ($1.39) in a research report on Friday, December 7th. Finally, Jefferies Financial Group dropped their price target on shares of Centamin from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating on the stock in a research report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 110.20 ($1.44).

LON:CEY traded down GBX 1.58 ($0.02) during mid-day trading on Friday, hitting GBX 91.16 ($1.19). The stock had a trading volume of 23,996,574 shares, compared to its average volume of 6,320,000. Centamin has a 52 week low of GBX 130.60 ($1.71) and a 52 week high of GBX 193.90 ($2.53).

Centamin Company Profile

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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Analyst Recommendations for Centamin (LON:CEY)

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