Centamin plc (LON:CEY – Get Rating) announced a dividend on Thursday, August 4th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 1st will be given a dividend of $0.03 per share by the mining company on Friday, October 7th. This represents a yield of 2.5%. The ex-dividend date is Thursday, September 1st. The official announcement can be accessed at this link.
Centamin Stock Performance
Centamin stock opened at GBX 90.32 ($1.11) on Friday. Centamin has a 12-month low of GBX 74.18 ($0.91) and a 12-month high of GBX 110.98 ($1.36). The company has a market capitalization of £1.04 billion and a price-to-earnings ratio of 1,290.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.68 and a quick ratio of 2.98. The firm’s fifty day moving average price is GBX 80.66 and its 200 day moving average price is GBX 88.36.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on CEY shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 140 ($1.72) price target on shares of Centamin in a research note on Thursday, May 12th. Morgan Stanley reissued an “equal weight” rating and issued a GBX 100 ($1.23) target price on shares of Centamin in a research report on Thursday, April 14th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 112 ($1.37) target price on shares of Centamin in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Centamin presently has an average rating of “Moderate Buy” and an average price target of GBX 123.33 ($1.51).
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.
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