Fund Gurus

Centamin: Too Much Risk Priced Into This Golden Stock

Gold miners have been at the heart of speculative purchases over the past 6 months as the gold price plummeted. With many sitting on low valuations, investors with little exposure to the industry looked to capitalize on the upside potential after many companies sank. The gold price has now rested at around $1,300 an ounce, and while profitability for a number of the miners has been eroded, there are a select few that offer the potential for significant returns. Centamin (LSE:CEY/OTCPK:CELTF), a small UK listed gold miner, has struggled over the past 12 months with political turbulence in Egypt and contract disputes. Despite these worries and a falling gold price, profits and growth have surged. With the company...

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