Centamin (CELTF) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Centamin (OTCMKTS:CELTF) from a hold rating to a buy rating in a report released on Monday, April 2nd. They currently have $2.25 price objective on the basic materials company’s stock.

According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “

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Separately, ValuEngine downgraded Centamin from a buy rating to a hold rating in a report on Tuesday, January 30th.

OTCMKTS:CELTF traded up $0.02 during midday trading on Monday, reaching $2.15. The company had a trading volume of 18,000 shares, compared to its average volume of 10,881. The firm has a market cap of $2,453.99, a PE ratio of 10.24 and a beta of 0.54. Centamin has a 12-month low of $1.70 and a 12-month high of $2.40.

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Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d’Ivoire, United Kingdom, and Australia. The company explores for gold ore deposits. It primarily holds interest in the Sukari Gold Mine project, which covers an area of 160 square kilometers located in the south-easterly region of the Eastern Desert, Egypt.

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