Centamin (LON:CEY) Stock Crosses Above 200-Day Moving Average of $95.80

Centamin plc (LON:CEY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 95.80 ($1.19) and traded as high as GBX 130.22 ($1.62). Centamin shares last traded at GBX 126.30 ($1.57), with a volume of 5,828,502 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on shares of Centamin from GBX 130 ($1.62) to GBX 150 ($1.87) and gave the company a “buy” rating in a report on Tuesday, March 26th.

Centamin Trading Up 1.2 %

The company has a market capitalization of £1.50 billion, a PE ratio of 2,161.67, a price-to-earnings-growth ratio of -1.53 and a beta of 0.60. The company’s fifty day moving average is GBX 105.50 and its 200-day moving average is GBX 96.35. 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 Dividend Announcement

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

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, 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.