Canaccord Genuity Group Reaffirms “Hold” Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 160 price target on the mining company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 4.03% from the company’s previous close.

A number of other equities research analysts also recently commented on CAML. 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. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a report on Tuesday, August 11th. Finally, Berenberg Bank cut Central Asia Metals to a “hold” rating and set a GBX 190 price target on the stock. in a report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Central Asia Metals has an average rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Price Performance

Shares of Central Asia Metals stock opened at GBX 153.80 on Wednesday. Central Asia Metals has a twelve month low of GBX 125.27 and a twelve month high of GBX 244. The company has a quick ratio of 1.97, a current ratio of 3.41 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is GBX 160.99 and its 200 day moving average is GBX 151.81. The company has a market cap of £262.09 million, a price-to-earnings ratio of -6.03 and a beta of 1.21.

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.