Central Asia Metals (LON:CAML) Earns Hold Rating from Canaccord Genuity Group

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

CAML has been the subject of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 target price on shares of Central Asia Metals in a report on Tuesday, August 11th. Peel Hunt restated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research note on Wednesday, August 5th. Finally, Berenberg Bank lowered 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Central Asia Metals currently has an average rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

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

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.