Central Asia Metals (LON:CAML) Stock Rating Reaffirmed as Hold by Canaccord Genuity Group

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Thursday, Digital Look reports. They currently have a GBX 160 target price on the mining company’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 8.25% from the company’s previous close.

Other analysts have also issued research reports about the company. Peel Hunt reiterated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research note on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 181.25.

Central Asia Metals Trading Up 1.5%

Shares of LON CAML opened at GBX 147.80 on Thursday. The business’s 50 day moving average is GBX 160.86 and its two-hundred day moving average is GBX 151.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. Central Asia Metals has a 1-year low of GBX 125.27 and a 1-year high of GBX 244. The stock has a market capitalization of £251.86 million, a P/E ratio of -5.80 and a beta of 1.21.

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.