Central Asia Metals plc (LON:CAML) to Issue Dividend Increase – GBX 12 Per Share

Central Asia Metals plc (LON:CAMLGet Rating) declared a dividend on Tuesday, March 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 5th will be paid a dividend of GBX 12 ($0.15) per share by the mining company on Monday, May 30th. This represents a yield of 5%. The ex-dividend date of this dividend is Thursday, May 5th. This is a boost from Central Asia Metals’s previous dividend of $8.00. The official announcement can be seen at this link.

Shares of CAML stock opened at GBX 277.66 ($3.47) on Tuesday. Central Asia Metals has a fifty-two week low of GBX 187.47 ($2.34) and a fifty-two week high of GBX 386 ($4.82). The stock’s fifty day moving average price is GBX 242.05 and its two-hundred day moving average price is GBX 238.32. The company has a debt-to-equity ratio of 8.21, a quick ratio of 1.17 and a current ratio of 1.50. The company has a market cap of £488.76 million and a PE ratio of 7.28.

A number of research analysts have issued reports on CAML shares. Canaccord Genuity Group lifted their target price on Central Asia Metals from GBX 295 ($3.69) to GBX 310 ($3.87) and gave the company a “buy” rating in a research report on Tuesday, April 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 265 ($3.31) price objective on shares of Central Asia Metals in a research report on Tuesday, April 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 340 ($4.25) price target on shares of Central Asia Metals in a report on Tuesday, April 26th.

Central Asia Metals Company Profile (Get Rating)

Central Asia Metals plc, together with its subsidiaries, is a base metals producer. It produces copper through its 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan; and produces zinc and lead at its Sasa mine located in north eastern Macedonia.

Further Reading

Dividend History for Central Asia Metals (LON:CAML)

Receive News & Ratings for Central Asia Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Asia Metals and related companies with MarketBeat.com's FREE daily email newsletter.