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

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 160 price target on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 4.03% from the company’s current price.

Several other analysts have also recently issued reports on CAML. Royal Bank Of Canada restated 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 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 on the stock. in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Price Performance

CAML stock traded up GBX 2.60 during mid-day trading on Wednesday, reaching GBX 153.80. The company’s stock had a trading volume of 535,098 shares, compared to its average volume of 1,894,467. 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 current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. The stock has a market cap of £262.09 million, a PE ratio of -6.03 and a beta of 1.21. The company’s 50 day moving average is GBX 160.99 and its two-hundred day moving average is GBX 151.81.

Central Asia Metals Company Profile

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.