RE: Asktraders6 Apr 2022 17:44
92.50p +0.32p UTCEY 92.50p +0.32p UT
Berenberg Bank Keeps a Buy Rating on Centamin
Berenberg Bank analyst Jonathan Guy reiterated a Buy rating on Centamin (CELTF – Research Report) yesterday and set a price target of p114.00. The company’s shares closed last Tuesday at $1.22.
According to TipRanks.com, Guy is a 1-star analyst with an average return of -0.5% and a 44.5% success rate. Guy covers the Basic Materials sector, focusing on stocks such as Galiano Gold, Yamana Gold, and FRESNILLO.
Centamin has an analyst consensus of Strong Buy, with a price target consensus of $1.59, implying a 30.4% upside from current levels. In a report issued on March 24, RBC Capital also reiterated a Buy rating on the stock with a p120.00 price target.
The company has a one-year high of $1.76 and a one-year low of $1.06. Currently, Centamin has an average volume of 8,855.
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Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.