Canaccord Genuity Group Lowers Central Asia Metals (LON:CAML) Price Target to GBX 160

Key Points

• Canaccord Genuity Group cut its price target for Central Asia Metals to GBX 160 (from GBX 165) and maintained a "hold" rating, implying roughly a 2.17% upside from the current price.
• Other brokers are broadly cautious — RBC lowered its target to GBX 200, Berenberg reaffirmed a GBX 190 target, and the consensus average target is GBX 188.75 with an overall "Hold" rating.
• Shares traded up to GBX 156.60 on Friday on heavy volume (19.45M vs. average 2.09M), with a market cap around £266.9M, signalling elevated trading activity despite analyst caution.

Central Asia Metals (LON:CAML - Get Free Report) had its price target dropped by research analysts at Canaccord Genuity Group from GBX 165 to GBX 160 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a "hold" rating on the mining company's stock. Canaccord Genuity Group's target price would indicate a potential upside of 2.17% from the stock's current price.

A number of other brokerages have also commented on CAML. Royal Bank Of Canada lowered Central Asia Metals to a "sector perform" rating and cut their price target for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Berenberg Bank reaffirmed a "hold" rating and set a GBX 190 target price on shares of Central Asia Metals in a research report on Friday. One research 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.com, the company presently has an average rating of "Hold" and an average target price of GBX 188.75.

Central Asia Metals Trading Up 2.4%

Shares of Central Asia Metals stock traded up GBX 3.60 during trading on Friday, reaching GBX 156.60. 19,447,268 shares of the company were exchanged, compared to its average volume of 2,092,952. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. Central Asia Metals has a twelve month low of GBX 139.20 and a twelve month high of GBX 244. The business has a 50-day moving average price of GBX 186.34 and a 200-day moving average price of GBX 179.04. The firm has a market capitalization of £266.86 million, a price-to-earnings ratio of -3.68 and a beta of 1.09.

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.

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