Centamin (DI) (CEY)

Sector:

Mining

Index:

FTSE 250

104.60p
   
  • Change Today:
      1.95p
  • 52 Week High: 232.10
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 1,156.45m
  • Volume: 3,471,563
  • Market Cap: £1,209.65m
  • RiskGrade: 204

Centamin profit soars on higher gold price

By Sean Farrell

Date: Monday 22 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Centamin's annual profit soared as the higher price of gold more than offset a dip in production during the Covid-19 crisis.
Pretax profit jumped 82% to $315m (£228m) in the year to end of December as revenue rose 27% to a record $829m. Earnings before interest, tax, depreciation and amortisation increased 54% to $439m.

The FTSE 250 gold miner proposed a final dividend of 3 cents a share, taking the total 2020 payout to 15 cents a share or $104m. Centamin said it would pay at least $105m of dividends in 2021.

Centamin produced 452,320 oz of gold, down 6% from the year before and the average realised price rose 26% to $1,766 per ounce as demand increased during the crisis. The company also cut $44m of gross costs and generated $142m of cash.

Chief executive Martin Horgan said: "Centamin delivered another solid financial performance in 2020, driven primarily by improved commodity pricing, our comprehensive response to Covid-19 and an improvement in operating efficiencies and productivity."

The company reiterated its outlook for 2021, predicting gold production of 400,000 to 430,000 oz, at cash costs of $800-900 per oz produced and all-in sustaining costs of $1,150- 1,250 per oz sold.













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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Centamin (DI) Market Data

Currency UK Pounds
Share Price 104.60p
Change Today 1.95p
% Change 1.90 %
52 Week High 232.10
52 Week Low 100.00
Volume 3,471,563
Shares Issued 1,156.45m
Market Cap £1,209.65m
RiskGrade 204

Centamin (DI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.39% above the market average77.39% above the market average77.39% above the market average77.39% above the market average77.39% above the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
80.48% below the market average80.48% below the market average80.48% below the market average80.48% below the market average80.48% below the market average
66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average
Income
90.83% above the market average90.83% above the market average90.83% above the market average90.83% above the market average90.83% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
89.64% above the market average89.64% above the market average89.64% above the market average89.64% above the market average89.64% above the market average
51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 0
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Centamin (DI) Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 20-May-21 13-Aug-20
Paid 15-Jun-21 11-Sep-20
Amount 3.00¢ 6.00¢

Trades for 29-Jul-2021

Time Volume / Share Price
16:45 2,971 @ 104.60p
16:45 2,971 @ 104.60p
16:35 931,690 @ 104.60p
16:29 356 @ 104.50p
16:29 565 @ 104.50p

Centamin (DI) Key Personnel

CFO Ross Jerrard
CEO Martin Horgan

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