Central Asia Metals (LON:CAML) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Central Asia Metals (LON:CAML) had its price target boosted by Canaccord Genuity Group from GBX 175 to GBX 205 in a research report issued to clients and 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 suggests a potential downside of 2.38% from the company’s previous close.

Several other research analysts have also weighed in on CAML. Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and reduced their price objective for the stock from GBX 220 to GBX 200 in a research note on Thursday. Berenberg Bank reissued a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Monday, January 12th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 195.

Central Asia Metals Price Performance

Shares of CAML opened at GBX 210 on Friday. The stock has a market cap of £361.38 million, a P/E ratio of 10.57 and a beta of 1.12. Central Asia Metals has a 1 year low of GBX 134.46 and a 1 year high of GBX 213.50. The stock’s 50-day moving average price is GBX 179.62 and its two-hundred day moving average price is GBX 163.89. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

Insider Activity

In related news, insider Gavin Ferrar acquired 12,669 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £20,017.02. 9.00% of the stock is owned by corporate insiders.

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.