Central Asia Metals (LON:CAML) Given New GBX 165 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut its price target for Central Asia Metals from GBX 205 to GBX 165 and kept a "hold" rating, implying about a 1.55% downside from the prior close.
• Other brokers are largely cautious — RBC trimmed to a "sector perform" with a GBX 200 target and Berenberg holds at GBX 210 — leaving a MarketBeat consensus rating of "Hold" and an average target of GBX 195.
• Shares opened at GBX 167.60 (up ~3.7%), with a one‑year range of GBX 139.20–244 and a market capitalization of £285.6 million.

Central Asia Metals (LON:CAML - Get Free Report) had its price target dropped by Canaccord Genuity Group from GBX 205 to GBX 165 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the mining company's stock. Canaccord Genuity Group's price target would indicate a potential downside of 1.55% from the company's previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada lowered Central Asia Metals to a "sector perform" rating and reduced their price target for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Berenberg Bank reiterated a "hold" rating and set a GBX 210 price target on shares of Central Asia Metals in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 195.

Central Asia Metals Trading Up 3.7%

Shares of LON CAML opened at GBX 167.60 on Wednesday. Central Asia Metals has a one year low of GBX 139.20 and a one year high of GBX 244. The firm has a market capitalization of £285.60 million, a PE ratio of -3.94 and a beta of 1.09. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of GBX 195.59 and a two-hundred day moving average price of GBX 179.13.

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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