Central Asia Metals’ (CAML) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Central Asia Metals Ltd (LON:CAML) in a report issued on Wednesday morning. They currently have a GBX 295 ($3.89) price objective on the mining company’s stock.
Separately, FinnCap reaffirmed an under review rating on shares of Central Asia Metals in a research note on Friday, September 22nd.
The company also recently announced a dividend, which was paid on Friday, October 27th. Investors of record on Thursday, October 5th were paid a dividend of GBX 6.50 ($0.09) per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a yield of 2.78%.
In related news, insider Kenges Rakishev sold 10,605,875 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of GBX 230 ($3.04), for a total transaction of £24,393,512.50 ($32,189,908.29).
Central Asia Metals Company Profile
Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.
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