Centamin (LON:CEY) Earns Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Centamin (LON:CEY) in a report published on Thursday, MarketBeat reports. They currently have a GBX 150 ($1.87) price objective on the mining company’s stock.

Centamin Stock Down 0.5 %

Shares of Centamin stock opened at GBX 127.50 ($1.59) on Thursday. The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 2,125.00, a P/E/G ratio of -1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09. Centamin has a 52-week low of GBX 77.25 ($0.96) and a 52-week high of GBX 132.80 ($1.65). The stock has a 50-day simple moving average of GBX 106.95 and a 200-day simple moving average of GBX 97.

Centamin Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 1.48%. Centamin’s dividend payout ratio is 5,000.00%.

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.