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Centamin

Buy Centamin stocks

CENTAMIN (CEE) Stocks

ABOUT CENTAMIN

Centamin PLC is a gold mining company focused on the Arabian-Nubian Shield, with offices in London, UK; Mount Pleasant, Western Australia; and Alexandria, Egypt.

The company’s operations have a history dating back to 1999 when it acquired Pharaoh Gold Mines, a company that had been exploring for gold in Egypt since 1995 and was rebranded Centamin Egypt.

The company was granted a 160 square kilometer exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005. A listing was secured on the Toronto Stock Exchange in 2007 to raise funding for production and first gold was poured in June 2009.

The company moved to a full listing on the London Stock Exchange in November 2009 and was delisted from the Australian Stock Exchange in 2010.

In 2011 the company redomiciled to Jersey and changed its name to Centamin PLC.

OVERVIEW OF CENTAMIN

  • Centamin PLC’s portfolio is defined by its principal asset, the Sukari Gold Mine, which is the first large scale modern gold mine in Egypt. Base case production is c. 500,000 ounces per annum, with the potential to exceed this level as optimization of the mining and processing operations continues.

  • The company also has several exploration projects, the most advanced located in highly prospective regions within the investor-friendly jurisdictions of Burkina Faso and Cote d’Ivoire.

  • The company operates its mine throughout the year, with continuous investment into results-driven exploration activities and sustainability initiatives. The company takes a modular approach to development, maximizing cash flow and returns.

  • The company’s Sukari Gold Mine was built over four stages to minimize execution risk and ensure more effective, responsible capital allocation. After stage one, the operation was able to fund the next stages of growth. Today, Sukari is a 12.6Mt per annum processing operation.

VISION & VALUES OF CENTAMIN

  • Sustainable development considerations form an integral part of Centamin PLC’s business plan and decision-making processes.

  • The company is committed to working with the highest level of respect for its employees, the communities and environments in which it operates, while pursuing value for its shareholders.

  • The company expects encourages its employees to uphold its core value of honesty and integrity, as well as to maintain a safe workplace, respect for the environment and respect for people.

MARKET PERFORMANCE OF CENTAMIN

  • Centamin PLC trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol –CEE.

  • Data from the company’s 2019 third quarter financial analysis shows revenues of USUS Dollar 603 million were down 11% on the prior with a 0.5% increase in realized gold prices offset by a decrease in gold sales. EBITDA decreased by 17% to USUS Dollar 258 million, as a result of increased production and operating costs and an 11% decrease in revenues.

  • Despite a dip in earnings, largely attributable to characteristic fluctuations in the gold market, the company has a strong and flexible balance sheet with no debt and no hedging. Cash, bullion on hand and gold sales receivables were at USUS Dollar 322.3 million.

  • This strong position will allow the company to continue to finance its lucrative portfolio and benefit from the inevitable upswing in the gold market. As such, the company is set to deliver a rising share price for investors with good long-term growth in dividends, securing a solid buy-in for those who choose to purchase shares today.

Buy CENTAMIN stocks / shares – A Step by Step Guide how to Buy / Purchase CENTAMIN Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CENTAMIN Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CENTAMIN STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CENTAMIN STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CENTAMIN stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CENTAMIN stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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