Centamin (LON:CEY) Stock Crosses Above 200-Day Moving Average of $98.14

Centamin plc (LON:CEY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.14 ($1.21) and traded as high as GBX 125.70 ($1.55). Centamin shares last traded at GBX 124.10 ($1.53), with a volume of 5,367,619 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 150 ($1.85) target price on shares of Centamin in a research note on Thursday, April 18th.

Centamin Price Performance

The stock has a market cap of £1.45 billion, a price-to-earnings ratio of 2,083.33, a price-to-earnings-growth ratio of -1.53 and a beta of 0.60. The company has a 50-day simple moving average of GBX 110.32 and a two-hundred day simple moving average of GBX 98.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.09 and a current ratio of 3.22.

Centamin Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.02 per share. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, May 30th. Centamin’s dividend payout ratio (DPR) is 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, 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.