Central Asia Metals (LON:CAML) Stock Rating Reaffirmed as “Hold” by Canaccord Genuity Group

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 160 price target on the mining company’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 4.58% from the stock’s previous close.

Several other equities research analysts have also commented on CAML. Peel Hunt reissued a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 170 target price on shares of Central Asia Metals in a research note on Tuesday, August 11th. Finally, Berenberg Bank cut Central Asia Metals to a “hold” rating and set a GBX 190 price target on the stock. in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 181.25.

Central Asia Metals Stock Up 2.0%

LON:CAML opened at GBX 153 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The firm’s 50-day moving average price is GBX 160.86 and its 200-day moving average price is GBX 151.86. The company has a market capitalization of £260.72 million, a PE ratio of -6.00 and a beta of 1.21. Central Asia Metals has a 1-year low of GBX 125.27 and a 1-year high of GBX 244.

About Central Asia Metals

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.