|Bid||91.22 x 0|
|Ask||91.30 x 0|
|Day's range||91.18 - 93.60|
|52-week range||74.18 - 110.98|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||10.20|
|Earnings date||20 Jul 2022|
|Forward dividend & yield||0.06 (6.47%)|
|Ex-dividend date||01 Sept 2022|
|1y target est||1.26|
Centamin (CELTF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Centamin, which operates Egypt's sole commercially producing gold mine, said production reached 107,549 ounces during the three months ended Dec. 31. The company last month said a review of its Sukari gold mine in Egypt indicated the largest reserve growth in a decade, supporting its plan to produce 500,000 ounces per annum of the metal over the next 10 years. The company's full-year gold output was in line with its expectation of 415,370 ounces.
The London-listed miner said the increased reserve in excess of one million ounces at Sukari, its sole gold mine, underpins its plans to produce 500,000 ounces per annum of gold over the next 10 years. Centamin said a $100 million cost-savings programme has been increased by 50%, to be achieved by 2024.