Central Asia Metals plc (LON:CAML – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 179.10 and traded as low as GBX 156. Central Asia Metals shares last traded at GBX 160.60, with a volume of 873,818 shares traded.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CAML shares. Canaccord Genuity Group decreased their target price on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research note on Friday, April 17th. Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and cut their price objective for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 190 price objective on shares of Central Asia Metals in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Central Asia Metals currently has an average rating of “Hold” and an average target price of GBX 188.75.
Check Out Our Latest Research Report on Central Asia Metals
Central Asia Metals Stock Performance
About Central Asia Metals
Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia
CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.
CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.
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