Centamin plc (LON:CEY) Insider Martin Horgan Sells 174,976 Shares

Centamin plc (LON:CEYGet Rating) insider Martin Horgan sold 174,976 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 99 ($1.23), for a total transaction of £173,226.24 ($215,348.38).

Martin Horgan also recently made the following trade(s):

  • On Friday, March 17th, Martin Horgan bought 99,314 shares of Centamin stock. The shares were bought at an average cost of GBX 101 ($1.26) per share, for a total transaction of £100,307.14 ($124,698.09).

Centamin Price Performance

Shares of CEY opened at GBX 99 ($1.23) on Wednesday. The company has a market cap of £1.15 billion, a price-to-earnings ratio of 1,980.00, a price-to-earnings-growth ratio of -1.53 and a beta of 0.53. Centamin plc has a twelve month low of GBX 74.18 ($0.92) and a twelve month high of GBX 127.60 ($1.59). The company has a quick ratio of 2.09, a current ratio of 2.78 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of GBX 70.34 and a two-hundred day moving average of GBX 64.79.

Centamin Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be paid a $0.03 dividend. The ex-dividend date is Thursday, June 1st. This represents a yield of 1.94%. Centamin’s dividend payout ratio (DPR) is 8,000.00%.

Analysts Set New Price Targets

CEY has been the topic of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 145 ($1.80) price objective on shares of Centamin in a research note on Thursday, May 4th. Royal Bank of Canada increased their price objective on shares of Centamin from GBX 130 ($1.62) to GBX 135 ($1.68) and gave the company an “outperform” rating in a research note on Thursday, April 13th.

Institutional Investors Weigh In On Centamin

A hedge fund recently bought a new stake in Centamin stock. OLD Mission Capital LLC bought a new stake in Centamin plc (LON:CEYGet Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,143 shares of the mining company’s stock, valued at approximately $579,000. OLD Mission Capital LLC owned approximately 6.23% of Centamin as of its most recent SEC filing. Institutional investors own 73.97% of the company’s stock.

About Centamin

(Get Rating)

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold deposits. 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.

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