Central Asia Metals’ (CAML) “Hold” Rating Reiterated at Canaccord Genuity Group

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by research analysts at Canaccord Genuity Group in a research 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 indicates a potential upside of 8.25% from the company’s current price.

CAML has been the subject of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 190 target price on shares of Central Asia Metals in a research report on Thursday, October 8th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 181.25.

Central Asia Metals Stock Up 1.5%

Shares of LON:CAML traded up GBX 2.20 during trading on Thursday, hitting GBX 147.80. The company’s stock had a trading volume of 1,300,186 shares, compared to its average volume of 1,878,805. The company has a market capitalization of £251.86 million, a PE ratio of -5.80 and a beta of 1.21. Central Asia Metals has a fifty-two week low of GBX 125.27 and a fifty-two week high of GBX 244. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41. The stock’s 50-day moving average price is GBX 160.86 and its two-hundred day moving average price is GBX 151.49.

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. 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.