Centamin (LON:CEY) Share Price Passes Above 200 Day Moving Average of $118.64

Centamin plc (LON:CEY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 118.64 ($1.56) and traded as high as GBX 121.70 ($1.60). Centamin shares last traded at GBX 118.50 ($1.56), with a volume of 2,033,170 shares.

Wall Street Analyst Weigh In

CEY has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 160 ($2.10) target price on shares of Centamin in a research note on Wednesday, August 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($1.97) price objective on shares of Centamin in a research note on Thursday, July 25th.

Centamin Trading Down 1.4 %

The company has a current ratio of 3.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 2,370.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.52. The business has a 50 day simple moving average of GBX 125.27 and a 200-day simple moving average of GBX 119.03.

Centamin Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, August 29th. This is a boost from Centamin’s previous dividend of $0.02. This represents a dividend yield of 1.35%. Centamin’s payout ratio is currently 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.