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

Central Asia Metals (LON:CAML) had its target price decreased by equities researchers at Canaccord Genuity Group from GBX 205 to GBX 165 in a research report issued on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 4.04% from the stock’s previous close.

Several other brokerages have also recently issued reports on CAML. Royal Bank Of Canada cut Central Asia Metals to a “sector perform” rating and cut their target price for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 210 target price on shares of Central Asia Metals in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 195.

Central Asia Metals Stock Down 3.5%

Shares of LON:CAML opened at GBX 158.60 on Wednesday. The stock has a market cap of £270.27 million, a price-to-earnings ratio of -3.73 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. Central Asia Metals has a 12-month low of GBX 139.20 and a 12-month high of GBX 244. The business’s 50 day moving average is GBX 193 and its 200 day moving average is GBX 178.88.

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.