Centamin Egypt Ltd.

Centamin is a mineral exploration, development and mining company. Co. is engaged in the business of exploration and mining of precious metals in the Sukari Gold Mine located in the Eastern Desert of Egypt.
  • Ticker7CT
  • ISINJE00B5TT1872
  • ExchangeBerlin Stock Exchange
  • SectorMining
  • CountryJersey

With a more favourable environment, CENTAMIN PLC. improves to Slightly Positive

CENTAMIN PLC. (GB), a company active in the Gold Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 30, 2020, the closing price was GBp 183.40 and its potential was estimated at GBp 213.17.

Ahmed Soliman

CEY LN | Share price rally overdone; Downgrade to UW

Gold price rally to reverse trend towards mid to late 2020. Gold price surged by c24% since mid-19, amid rising global uncertainty. We assume this trend should reverse in the near future, as per consensus and World Bank forecasts. At the spot gold price of USD1,615/oz, the top ten largest gold miners enjoy a c9-146% EBITDA margin vs. the 10-year historical average of -17-51%, supporting the view that the current price is unsustainable in the long run. Uncertainty can keep gold price elevated in the short run, further weighing positively on Centamin’s share price, but we find the risk/reward un...

Ahmed Soliman

CEY LN | Share price rally overdone; Downgrade to UW

Gold price rally to reverse trend towards mid to late 2020. Gold price surged by c24% since mid-19, amid rising global uncertainty. We assume this trend should reverse in the near future, as per consensus and World Bank forecasts. At the spot gold price of USD1,615/oz, the top ten largest gold miners enjoy a c9-146% EBITDA margin vs. the 10-year historical average of -17-51%, supporting the view that the current price is unsustainable in the long run. Uncertainty can keep gold price elevated in the short run, further weighing positively on Centamin’s share price, but we find the risk/reward un...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior