Centamin (DI) (CEY)

Sector:

Mining

Index:

FTSE 250

102.55p
   
  • Change Today:
      0.70p
  • 52 Week High: 232.10p
  • 52 Week Low: 100.00p
  • Currency: UK Pounds
  • Shares Issued: 1,156.45m
  • Volume: 2,492,021
  • Market Cap: £1,185.94m
  • RiskGrade: 204

Liberum starts Centamin at 'sell', says shares 30 per cent overvalued

By Alexander Bueso

Date: Thursday 27 May 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum started coverage of Centamin shares at 'sell', arguing that while its "strong" balance sheet gave it the resources to finance the turnaround of its flagship gold mine at Sukari, the shares were overvalued at present.
Said balance sheet strength would also allow the miner to maintain its dividend throughout the process, they judged.

Yet the 450,000-500,000/oz. target for annual production assumed underground resource upgrades to reserves and "sizeable" satellite ore bodies had to be found in order to materially prolong Sukari's life into the 2030s.

In any case, using an 8% discount rate and assuming $46/oz. of resource at its West Africa assets, then at the current market price of $1,800/oz. of gold, the outfit's estimated net asset value was 85.0p per share, for 30% potential downside.

Liberum set a 82.0p target price on the stock.

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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 102.55p
Change Today 0.70p
% Change 0.69 %
52 Week High 232.10p
52 Week Low 100.00p
Volume 2,492,021
Shares Issued 1,156.45m
Market Cap £1,185.94m
RiskGrade 204

Centamin (DI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.25% above the market average78.25% above the market average78.25% above the market average78.25% above the market average78.25% above the market average
71.9% below the sector average71.9% below the sector average71.9% below the sector average71.9% below the sector average71.9% below the sector average
Price Trend
81.09% below the market average81.09% below the market average81.09% below the market average81.09% below the market average81.09% below the market average
67.94% below the sector average67.94% below the sector average67.94% below the sector average67.94% below the sector average67.94% below the sector average
Income
91.01% above the market average91.01% above the market average91.01% above the market average91.01% above the market average91.01% 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
89.65% above the market average89.65% above the market average89.65% above the market average89.65% above the market average89.65% 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 27-Jul-2021

Time Volume / Share Price
16:05 569 @ 102.55p
16:05 50 @ 102.55p
16:05 51 @ 102.55p
16:05 7,500 @ 102.47p
16:04 201 @ 102.55p

Centamin (DI) Key Personnel

CFO Ross Jerrard
CEO Martin Horgan

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