Canaccord Genuity Group Lowers Central Asia Metals (LON:CAML) Price Target to GBX 175

Central Asia Metals (LON:CAML) had its target price reduced by Canaccord Genuity Group from GBX 215 ($2.66) to GBX 175 ($2.16) in a research note issued on Tuesday,Digital Look reports. The firm currently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 13.20% from the company’s previous close.

Central Asia Metals Trading Down 4.6 %

Shares of LON:CAML opened at GBX 154.60 ($1.91) on Tuesday. The business’s 50 day simple moving average is GBX 157.48 and its 200 day simple moving average is GBX 174.11. Central Asia Metals has a 1 year low of GBX 146.40 ($1.81) and a 1 year high of GBX 235 ($2.90). The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The company has a market capitalization of £268.96 million, a P/E ratio of 966.25 and a beta of 1.12.

Central Asia Metals Company Profile

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.