Canaccord Genuity Group Issues Positive Forecast for Central Asia Metals (LON:CAML) Stock Price

Central Asia Metals (LON:CAML) had its price objective increased by Canaccord Genuity Group from GBX 175 to GBX 205 in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the mining company’s stock.

Several other equities analysts have also issued reports on CAML. Peel Hunt reissued a “buy” rating and set a GBX 205 target price on shares of Central Asia Metals in a research note on Friday, October 10th. Berenberg Bank reiterated a “hold” rating and set a GBX 170 price target on shares of Central Asia Metals in a research note on Monday, January 12th. Finally, Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and lowered their price objective for the company from GBX 220 to GBX 200 in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Central Asia Metals presently has an average rating of “Hold” and an average price target of GBX 195.

Central Asia Metals Stock Up 2.9%

Shares of CAML opened at GBX 209.50 on Friday. The company’s 50-day moving average price is GBX 180.57 and its 200 day moving average price is GBX 164.22. Central Asia Metals has a 12-month low of GBX 134.46 and a 12-month high of GBX 213.50. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The firm has a market cap of £360.52 million, a P/E ratio of 10.55 and a beta of 1.12.

Insider Transactions at Central Asia Metals

In other news, insider Gavin Ferrar purchased 12,669 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of GBX 158 per share, for a total transaction of £20,017.02. 9.00% of the stock is owned by corporate insiders.

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.