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

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Wednesday, Marketbeat reports. They presently have a GBX 175 ($2.35) target price on the mining company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 10.76% from the company’s previous close.

Separately, Berenberg Bank dropped their target price on shares of Central Asia Metals from GBX 200 ($2.68) to GBX 190 ($2.55) and set a “hold” rating for the company in a report on Tuesday, April 8th.

Central Asia Metals Stock Up 0.6%

Central Asia Metals stock opened at GBX 158 ($2.12) on Wednesday. Central Asia Metals has a fifty-two week low of GBX 134.46 ($1.80) and a fifty-two week high of GBX 231 ($3.10). The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The firm has a 50 day moving average price of GBX 157.16 and a 200 day moving average price of GBX 157.82. The company has a market capitalization of £358.34 million, a PE ratio of 9.32 and a beta of 1.12.

Insiders Place Their Bets

In related news, insider Gavin Ferrar sold 3,112 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of GBX 172 ($2.31), for a total transaction of £5,352.64 ($7,184.75). 6.90% of the stock is currently owned by company insiders.

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.