Centamin downgraded to Hold from Buy at Stifel

Stifel downgraded Centamin to Hold from Buy with a 150 GBp price target. The boards of AngloGold Ashanti and Centamin have announced that they have agreed on the terms of a recommended acquisition of Centamin and the implied valuation appears in line with intermediate producer peers, the analyst tells investors. Sukari is “a natural fit within the AngloGold Ashanti portfolio,” the analyst added.