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

Canaccord Genuity Group reaffirmed their hold rating on shares of Central Asia Metals (LON:CAML) in a research report released on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 160 price target on the mining company’s stock.

Several other analysts also recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Tuesday, August 11th. Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Wednesday, August 5th. Finally, Berenberg Bank downgraded Central Asia Metals to a “hold” rating and set a GBX 190 target price for the company. in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 181.25.

Central Asia Metals Stock Performance

Shares of CAML stock opened at GBX 153.80 on Wednesday. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. The company has a market cap of £262.09 million, a PE ratio of -6.03 and a beta of 1.21. The company’s fifty day simple moving average is GBX 160.99 and its 200-day simple moving average is GBX 151.87. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244.

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.