Canaccord Genuity Group Lowers Central Asia Metals (LON:CAML) Price Target to GBX 160

Central Asia Metals (LON:CAML) had its price objective lowered by stock analysts at Canaccord Genuity Group from GBX 165 to GBX 160 in a research note issued to investors on Friday,Digital Look reports. The firm currently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 2.17% from the stock’s current price.

A number of other research firms have also commented on CAML. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and reduced their price target for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 190 price target on shares of Central Asia Metals in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 188.75.

Central Asia Metals Trading Up 2.4%

LON CAML opened at GBX 156.60 on Friday. The business’s 50-day moving average price is GBX 185.02 and its two-hundred day moving average price is GBX 179.27. Central Asia Metals has a 12 month low of GBX 139.20 and a 12 month high of GBX 244. The firm has a market capitalization of £266.86 million, a PE ratio of -3.68 and a beta of 1.09. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76.

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. 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.