PICK OF THE DAY
Centamin PLC CEY:LSE BUY
Today we’ve picked the Centamin Plc. as our pick of the day. Centamin Plc is engaged in the business of exploration for precious and base metals. The Company’s principal asset is the Sukari Gold Mine (Sukari), which is located in the Eastern Desert of Egypt, approximately 700 kilometers from Cairo and 25 kilometers from the Red Sea.
The Sukari Gold Mine is a gold mine in Egypt. During the year ended December 31, 2011, the Company produced 202,699 ounces of gold. During 2011, the Company acquired Sheba Exploration (UK) Plc and had interests in four exploration licenses in Ethiopia, where it conducted further exploration activities. Some of its wholly owned subsidiaries are Centamin Egypt Limited, Viking Resources Limited, North African Resources NL, Pharaoh Gold Mines NL, Egyptian Pharaoh Investments, Centamin UK Limited, Sheba Exploration (UK) plc and Sheba Exploration Limited.
Source: FinancialTimes.com
FUNDAMENTALS AND TECHNICALS
Company Financials
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Stock Price: 57.55 GBX |
Market Capitalization: £635m |
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52-week range: 27.20 – 71.10 GBX |
Shares outstanding: 1.10bn |
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P/E (TTM) : 5.26 |
Annual div (TTM) : – |
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EPS (TTM) : 0.1097 GBP |
Annual div yield (TTM) : – |
Chart
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Fundamental and Technical Analysis
Centamin Plc. (CEY:LSE) is trading at 57.505Gbp, 19.06% lower than its 52-week high set on March 2013. Centamin Plc. has been rated a 6 out 10 in our Value/Growth rating and gets an A Grade rating on our Bullish Momentum meter. Year on Year Revenues grew 25.16% while Net Income remained flat.
From a technical standpoint, the stock has been on an uptrend having formed a higher low at the start of the year. The recent breakout above the highs of October 2013 has cleared the path to approach new highs. We’re looking to acquire the stock at current levels and target the 80GBp area, we will place our stops at the 40GBp area initially and trail them higher using the ascending trendline.
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