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Centamin (CELTF) Receives a Buy from Berenberg Bank

Berenberg Bank analyst Jonathan Guy reiterated a Buy rating on Centamin (CELTFResearch Report) yesterday and set a price target of p112.00. The company’s shares closed last Monday at $1.22.

According to TipRanks.com, Guy has 0 stars on 0-5 stars ranking scale with an average return of -6.6% and a 36.4% success rate. Guy covers the Basic Materials sector, focusing on stocks such as Galiano Gold, Yamana Gold, and FRESNILLO.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centamin with a $1.55 average price target, which is a 28.1% upside from current levels. In a report issued on January 24, RBC Capital also maintained a Buy rating on the stock with a p120.00 price target.

See today’s best-performing stocks on TipRanks >>

Centamin’s market cap is currently $1.46B and has a P/E ratio of 10.01.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CELTF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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