Centamin (LON:CEY) Reaches New 1-Year High at $158.73

Centamin plc (LON:CEY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 158.73 ($2.10) and last traded at GBX 158.20 ($2.09), with a volume of 39987855 shares traded. The stock had previously closed at GBX 153.60 ($2.03).

Analysts Set New Price Targets

Several research analysts recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($1.98) price target on shares of Centamin in a research note on Tuesday, September 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 ($2.11) target price on shares of Centamin in a report on Wednesday, August 21st.

Centamin Price Performance

The firm has a market capitalization of £1.82 billion, a P/E ratio of 3,072.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.56. The business has a fifty day moving average of GBX 129.65 and a 200-day moving average of GBX 123.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44.

Centamin Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.35%. This is a positive change from Centamin’s previous dividend of $0.02. Centamin’s dividend payout ratio is presently 6,000.00%.

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.