Central Asia Metals (LON:CAML) Given New GBX 215 Price Target at Canaccord Genuity Group

Central Asia Metals (LON:CAML) had its price objective hoisted by investment analysts at Canaccord Genuity Group from GBX 180 ($2.22) to GBX 215 ($2.66) in a research report issued on Friday, Digital Look reports. The firm currently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 5.79% from the company’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 220 ($2.72) price target on shares of Central Asia Metals in a research note on Tuesday, April 9th.

Central Asia Metals Price Performance

Central Asia Metals stock opened at GBX 203.23 ($2.51) on Friday. The company’s 50 day simple moving average is GBX 183.79 and its 200-day simple moving average is GBX 173.29. The company has a market capitalization of £369.68 million, a price-to-earnings ratio of 1,270.19 and a beta of 1.09. Central Asia Metals has a 1 year low of GBX 150.60 ($1.86) and a 1 year high of GBX 225 ($2.78). The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 4.44.

Central Asia Metals Company Profile

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.