Canaccord Genuity Group Reaffirms Hold Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity Group in a research report issued on Wednesday, October 7th, 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 10.50% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Berenberg Bank cut shares of Central Asia Metals to a “hold” rating and set a GBX 190 price target on the stock. in a research note on Thursday, August 27th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research note on Tuesday, August 11th. Finally, Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 181.25.

Central Asia Metals Stock Down 4.5%

Shares of CAML traded down GBX 6.80 during mid-day trading on Wednesday, reaching GBX 144.80. The company had a trading volume of 1,398,002 shares, compared to its average volume of 1,878,214. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41. The company has a market capitalization of £246.75 million, a price-to-earnings ratio of -5.68 and a beta of 1.21. The firm has a 50-day moving average price of GBX 161.22 and a 200 day moving average price of GBX 151.70.

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.