Centamin (LON:CEY) Shares Pass Above Two Hundred Day Moving Average of $124.92

Centamin plc (LON:CEY)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 124.92 ($1.67) and traded as high as GBX 154.80 ($2.07). Centamin shares last traded at GBX 147 ($1.97), with a volume of 5,248,477 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CEY shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 ($2.14) target price on shares of Centamin in a research report on Wednesday, August 21st. Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 ($2.01) target price on shares of Centamin in a research note on Tuesday, September 10th.

Centamin Stock Up 0.4 %

The firm has a market capitalization of £1.71 billion, a P/E ratio of 2,940.00, a PEG ratio of -1.53 and a beta of 0.56. The firm’s fifty day moving average price is GBX 132.04 and its 200-day moving average price is GBX 124.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.44 and a quick ratio of 2.09.

Centamin Increases Dividend

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

Centamin Company Profile

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.