TSX:CEE - Post Discussion
Post by
TimeBuilder on Mar 20, 2023 9:40am
T.CEE = FYI > Market Perform copied from TDWBDI ;>O
11:29 AM EDT, 03/17/2023 (MT Newswires) -- BMO Capital Markets on Friday maintained its market-perform rating on the shares of Centamin (CEE.TO) and its GBP1.20 price target after the miner reported 2022 results.
"Impact: Neutral. After pre-releasing operating results that were in line with 2022 guidance, Centamin reported full year financial results that are broadly in-line except for a true-up adjustment related to EMRA minority interest that resulted in lower earnings for Centamin shareholders vs our estimate. The company has declared a final dividend of US2.5 cents/share for (total US5.0 cents/sh), representing ~3.9% dividend yield. Overall, 2022 was a year of operational initiatives and consistent delivery. Looking forward to 2023, alongside continued operational consistency investors focus will be on the Sukari mineplan update expected Q4/23," analyst Raj Ray wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 1.69, Change: -0.01, Percent Change: -0.59
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