Centamin cuts gold production forecasts due to operational delays
5th Oct 2018 08:02
(Sharecast News) - Gold miner Centamin on Friday cut its annual production target as delays in planned operational improvements led to a 25% fall in third quarter output.
Read moreCentamin second-quarter profits fall on lower production
2nd Aug 2018 09:55
(Sharecast News) - Centamin's profit fell heavily in the second quarter as the Egyptian gold miner produced less gold and costs rose.
Read moreSector movers: Miners and utilities pace losses
1st Aug 2018 15:19
(Sharecast News) - Cyclicals were at the bottom of the pile on Wednesday, with Miners and interest rate sensitive utilities seeing the steepest falls.
Read moreDirector dealings: Centamin chair scoops £17.9m after two days of share selling
10th Feb 2017 16:19
(ShareCast News) - Centamin chairman Josef El-Raghy jettisoned more shares in the Egypt-based gold miner on Friday, taking his proceeds from two days of sales to £17.9m. El-Raghy sold 5m shares in the gold miner at 173.00p each on Thursday, scooping up £8.65m. On Wednesday, he sold 5.45m shares at 1
Read moreFTSE 250 movers: Mining shares gain as metal prices rise
6th Feb 2017 17:30
(ShareCast News) - The FTSE 250 closed the session down 0.19% to 18,377.37 points. Mining shares rallied, including Hoschchild Mining, Kaz Minerals and Centamin, as metal prices gained. Investors flocked to gold amid a politically motivated sell-off in equities. At 15:26 GMT, on Comex, gold was
Read moreNumis downgrades Centamin to 'hold' from 'buy'
6th Feb 2017 10:24
(ShareCast News) - Numis on Monday downgraded its rating on Centamin to 'hold' from 'buy' and left its target price unchanged at 170p, following the gold mining company's recent share price appreciation. The Egyptian miner last Wednesday reported its full year results. Revenue jumped 35% to $687m an
Read moreFTSE 250 movers: Gold miners shine; Wizz Air flies lower
2nd Feb 2017 14:31
(ShareCast News) - The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon. Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on m
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreCentamin declares dividend bonanza as earnings soar and costs fall
1st Feb 2017 08:11
(ShareCast News) - Egyptian gold miner Centamin declared a bumper dividend as it posted results for the year to 31 December on Wednesday, with EBITDA up 145% to $373m due to higher gold prices, increased production and lower costs. The FTSE 250 company's revenue was also up, to $158.3m from $130.2m
Read moreFTSE 250 movers: Miners climb while Nostrum Oil and Gas slips
27th Jan 2017 15:39
(ShareCast News) - The FTSE 250 index rose 0.26% to 18,190.37 in the late afternoon. The UK's largest food wholesale operator Booker Group gained as it reached an agreement to merge with supermarket giant Tesco. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new Te
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreCentamin production at Sukari well above 2016 forecast
9th Jan 2017 07:13
(ShareCast News) - Centamin announced its preliminary production results for the quarter to 31 December from its Sukari Gold Mine in Egypt on Monday, with total gold production for the period of 136,787 ounces - an 8% decrease on the previous quarter and a 16% increase on Q4 2015. The FTSE 250 firm
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreEgypt announces shift towards floating exchange rate
3rd Nov 2016 09:03
(ShareCast News) - Egypt´s central bank announced its decision to switch towards a semi-floating exchange rate in a bid to alleviate a 'credit crunch' in the country. In parallel, the country´s monetary authority announced a 300 basis point hike in its main lending rates. The monetary authority "an
Read moreBroker tips: Centamin, Ladbrokes Coral, Amec Foster Wheeler
1st Nov 2016 12:25
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
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