Central Asia Metals’ (CAML) “Hold” Rating Reaffirmed at Canaccord Genuity Group

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, October 15th, Digital Look reports. They presently have a GBX 160 price target on the mining company’s stock. Canaccord Genuity Group‘s price objective would suggest a potential upside of 19.94% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. Berenberg Bank reissued a “hold” rating and set a GBX 190 price target on shares of Central Asia Metals in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 181.25.

Central Asia Metals Stock Performance

Shares of CAML stock traded down GBX 7 on Thursday, reaching GBX 133.40. The stock had a trading volume of 2,291,701 shares, compared to its average volume of 1,864,281. The company has a quick ratio of 1.97, a current ratio of 3.41 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average is GBX 160.27 and its two-hundred day moving average is GBX 150.95. The firm has a market capitalization of £227.32 million, a price-to-earnings ratio of -5.23 and a beta of 1.21. Central Asia Metals has a 12 month low of GBX 125.27 and a 12 month 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.