Centamin PLC on the Verge of a Major Breakout

Written by MrStockFox. Posted in Trade Ideas

I have talked about Centamin many times over the last couple years.  Other than Pretium Resources, Centamin is my largest position in mining producer.  They continue to perform well.  While many of the other majors continue to breakdown, Centamin is staging a multi-year breakout to the upside.  Should gold turn around, Centamin should see some considerable upside.  I continue to hold almost 20,000 shares.

Centamin just raised its dividend by 11% and at the current price pays 3.15% dividend.  My yield on cost is 4.35%.

 
If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.