FinnCap Reiterates Buy Rating for Central Asia Metals Ltd (CAML)
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reaffirmed by equities researchers at FinnCap in a research note issued to investors on Wednesday. They presently have a GBX 264 ($3.45) price target on the mining company’s stock. FinnCap’s price objective would suggest a potential upside of 46.06% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 ($2.68) price objective on shares of Central Asia Metals in a research note on Monday, September 12th. Canaccord Genuity reduced their price objective on shares of Central Asia Metals from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “buy” rating on the stock in a research note on Thursday, June 9th. Investec raised shares of Central Asia Metals to a “hold” rating and raised their price objective for the company from GBX 159 ($2.08) to GBX 168 ($2.19) in a research note on Tuesday, July 19th. Finally, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Central Asia Metals in a research note on Tuesday, July 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 219.25 ($2.86).
Shares of Central Asia Metals (LON:CAML) opened at 180.75 on Wednesday. The firm’s 50-day moving average is GBX 177.31 and its 200 day moving average is GBX 167.29. Central Asia Metals has a 52 week low of GBX 118.21 and a 52 week high of GBX 187.68. The firm’s market capitalization is GBX 201.64 million.
The company also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 3.21%.
Central Asia Metals Company Profile
Central Asia Metals plc is a mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It also owns various exploration projects in Mongolia and holds interest in the copper tailings project in Chile. The Company operates through two segments, which consists of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile.
Receive News & Stock Ratings for Central Asia Metals Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Asia Metals Ltd and related stocks with our FREE daily email newsletter.