Peel Hunt reaffirmed their buy rating on shares of Central Asia Metals Ltd (LON:CAML) in a research note published on Wednesday morning. The firm currently has a GBX 225 ($2.94) price objective on the mining company’s stock.
Other research analysts have also issued reports about the stock. Canaccord Genuity reissued a buy rating and issued a GBX 190 ($2.48) target price on shares of Central Asia Metals in a report on Monday, July 4th. FinnCap reissued a buy rating and issued a GBX 264 ($3.45) target price on shares of Central Asia Metals in a report on Monday, September 12th. Investec raised shares of Central Asia Metals to a hold rating and raised their target price for the company from GBX 159 ($2.08) to GBX 168 ($2.19) in a report on Tuesday, July 19th. Finally, Beaufort Securities reissued a speculative buy rating on shares of Central Asia Metals in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 219.25 ($2.86).
Central Asia Metals (LON:CAML) opened at 186.75 on Wednesday. The firm has a 50-day moving average of GBX 178.71 and a 200 day moving average of GBX 167.78. The company’s market capitalization is GBX 208.33 million. Central Asia Metals has a one year low of GBX 118.21 and a one year high of GBX 197.82.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 5.50 ($0.07) per share. 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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