Central Asia Metals (LON:CAML) Given Hold Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of Central Asia Metals (LON:CAML) in a research note issued to investors on Wednesday morning,Digital Look reports. The firm currently has a GBX 160 price objective on the mining company’s stock.

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

Central Asia Metals Stock Performance

Central Asia Metals stock opened at GBX 150 on Wednesday. Central Asia Metals has a fifty-two week low of GBX 125.27 and a fifty-two week high of GBX 244. The company has a market capitalization of £255.61 million, a PE ratio of -5.88 and a beta of 1.21. The company has a 50 day moving average price of GBX 160.77 and a 200-day moving average price of GBX 151.87. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41.

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.