Centamin - CEY Share Forecast, Price & News

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold deposits. 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. The company was incorporated in 2011 and is headquartered in Saint Helier, Jersey.

Centamin Stock Performance

Shares of CEY Stock opened at GBX 94.88 ($1.15) on Friday. Centamin has a 52 week low of GBX 74.18 ($0.90) and a 52 week high of GBX 110.98 ($1.34). The firm's 50-day simple moving average is GBX 81.84 and its two-hundred day simple moving average is GBX 88.32. The firm has a market cap of £1.10 billion and a price-to-earnings ratio of 1,054.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.09 and a current ratio of 3.94.

Centamin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 1st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 2.5%. Centamin's payout ratio is 6,666.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CEY shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 112 ($1.35) target price on shares of Centamin in a report on Thursday, August 4th. Royal Bank of Canada reissued an "outperform" rating and set a GBX 140 ($1.69) target price on shares of Centamin in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Centamin has an average rating of "Moderate Buy" and a consensus price target of GBX 123.33 ($1.49).

Insider Buying and Selling at Centamin

In other news, insider Martin Horgan bought 65,788 shares of the stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of GBX 83 ($1.00) per share, for a total transaction of £54,604.04 ($65,978.78). In other Centamin news, insider Martin Horgan purchased 65,788 shares of the stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of GBX 83 ($1.00) per share, with a total value of £54,604.04 ($65,978.78). Also, insider Mark Bankes acquired 30,000 shares of the business's stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average cost of GBX 84 ($1.01) per share, with a total value of £25,200 ($30,449.49).