Centamin (LON:CEY) Share Price Crosses Above 200-Day Moving Average of $124.92

Centamin plc (LON:CEY) shares 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.

Wall Street Analyst Weigh In

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

Centamin Stock Up 0.4 %

The stock has a market cap of £1.71 billion, a price-to-earnings ratio of 2,940.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.56. The firm’s 50-day moving average is GBX 132.04 and its 200 day moving average 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 firm also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 29th were given a dividend of $0.02 per share. This represents a yield of 1.35%. The ex-dividend date was Thursday, August 29th. This is an increase from Centamin’s previous dividend of $0.02. Centamin’s dividend payout ratio is 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.