Central Asia Metals’ (CAML) Hold Rating Reaffirmed at Canaccord Genuity Group

Central Asia Metals (LON:CAML – Get Free Report)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 160 price target on the mining company’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 9.89% from the company’s previous close.

Several other brokerages have also commented on CAML. Peel Hunt reaffirmed a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research report on Wednesday, August 5th. Berenberg Bank reiterated a “hold” rating and issued a GBX 190 price target on shares of Central Asia Metals in a report on Thursday, October 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Central Asia Metals presently has an average rating of “Hold” and an average target price of GBX 181.25.

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Central Asia Metals Trading Up 0.6%

Shares of CAML stock traded up GBX 0.80 during trading hours on Thursday, hitting GBX 145.60. 28,178,650 shares of the company were exchanged, compared to its average volume of 2,010,377. The firm has a fifty day moving average of GBX 161.13 and a 200 day moving average of GBX 151.60. The company has a quick ratio of 1.97, a current ratio of 3.41 and a debt-to-equity ratio of 0.62. Central Asia Metals has a 1 year low of GBX 125.27 and a 1 year high of GBX 244. The firm has a market cap of £248.11 million, a PE ratio of -5.71 and a beta of 1.21.

Central Asia Metals Company Profile

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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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