Centamin (CELTF) Receives a Buy from Peel Hunt

Peel Hunt analyst Peel Hunt reiterated a Buy rating on Centamin (CELTF) on June 10. The company’s shares closed last Monday at $2.70, close to its 52-week high of $2.71.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centamin with a $60.74 average price target, representing a 2254.3% upside. In a report issued on June 25, RBC Capital also upgraded the stock to Buy with a £2.10 price target.

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The company has a one-year high of $2.71 and a one-year low of $1.07. Currently, Centamin has an average volume of 7,019.

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Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.

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