Central Asia Metals (LON:CAML) Earns Hold Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reaffirmed a “hold” rating on Central Asia Metals and set a GBX 160 price target, implying 12.36% potential upside from the current price.
• Analyst sentiment remains cautious: CAML has a consensus “Hold” rating from one Buy and three Hold recommendations, with an average price target of GBX 181.25.
• Central Asia Metals opened at GBX 142.40, with a market capitalization of approximately £242.66 million; its shares have traded between GBX 125.27 and GBX 244 over the past year.

Central Asia Metals (LON:CAML - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 160 price objective on the mining company's stock. Canaccord Genuity Group's target price points to a potential upside of 12.36% from the stock's current price.

Several other research firms have also recently weighed in on CAML. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 170 target price on shares of Central Asia Metals in a research note on Tuesday, August 11th. Peel Hunt reissued a "buy" rating and issued a GBX 205 target price on shares of Central Asia Metals in a report on Wednesday, August 5th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to 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 Price Performance

Central Asia Metals stock opened at GBX 142.40 on Thursday. The firm has a market cap of £242.66 million, a PE ratio of -5.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The stock's fifty day moving average price is GBX 161.13 and its two-hundred day moving average price is GBX 151.60. Central Asia Metals has a one year low of GBX 125.27 and a one year high of GBX 244.

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.

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