FinnCap Reiterates Buy Rating for Central Asia Metals Ltd (CAML)
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reissued by equities research analysts at FinnCap in a research note issued to investors on Wednesday. They currently have a GBX 264 ($3.45) price target on the mining company’s stock. FinnCap’s target price would suggest a potential upside of 40.33% from the stock’s current price.
Several other equities analysts also recently commented on the stock. Canaccord Genuity upped their price objective on shares of Central Asia Metals from GBX 190 ($2.48) to GBX 220 ($2.87) and gave the company a “buy” rating in a research note on Wednesday, September 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 205 ($2.68) price objective on shares of Central Asia Metals in a research note on Monday, September 12th. Investec raised shares of Central Asia Metals to a “hold” rating and upped their price objective for the company from GBX 159 ($2.08) to GBX 168 ($2.19) in a research note on Tuesday, July 19th. Finally, Beaufort Securities reissued a “speculative buy” rating on shares of Central Asia Metals in a research note on Tuesday, July 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 219.25 ($2.86).
Central Asia Metals (LON:CAML) opened at 188.6001 on Wednesday. Central Asia Metals has a 12 month low of GBX 118.21 and a 12 month high of GBX 197.82. The company’s market capitalization is GBX 210.40 million. The company’s 50-day moving average price is GBX 178.27 and its 200 day moving average price is GBX 167.64.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a GBX 5.50 ($0.07) dividend. This represents a yield of 3.21%. The ex-dividend date of this dividend is Thursday, October 6th.
Central Asia Metals Company Profile
Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.
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