CENTAMIN PLC

CEY
Delayed Quote. Delayed  - 10/26 12:35:07 pm
132.65GBX -0.86%

Centamin plc : The trend should regain control

Nicolas Aleksy
Contributor / Partner

Strategy published on : 09/24/2020 | 05:16

long trade
Stop-loss triggered

Entry price : 199.317GBX
Target : 230GBX
Stop-loss : 191GBX
Potential : 15.39%

Shares in Centamin plc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the GBX 230.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 45% by 2022.

● The company returns high margins, thereby supporting business profitability.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● This company will be of major interest to investors in search of a high dividend stock.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The stock is in a well-established, long-term rising trend above the technical support level at 147.15 GBX


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at GBX 220.1.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

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