Central Asia Metals Ltd (CAML) Given “Buy” Rating at Peel Hunt
Peel Hunt restated their buy rating on shares of Central Asia Metals Ltd (LON:CAML) in a research report report published on Wednesday morning. They currently have a GBX 225 ($2.94) price objective on the mining company’s stock.
CAML has been the topic of several other reports. Canaccord Genuity increased their price target on Central Asia Metals from GBX 190 ($2.48) to GBX 220 ($2.87) and gave the stock a buy rating in a report on Wednesday, September 21st. Beaufort Securities reiterated a speculative buy rating on shares of Central Asia Metals in a report on Tuesday, July 5th. FinnCap reiterated a buy rating and issued a GBX 264 ($3.45) price target on shares of Central Asia Metals in a report on Wednesday, June 15th. Finally, Investec upgraded Central Asia Metals to a hold rating and increased their price target for the stock from GBX 159 ($2.08) to GBX 168 ($2.19) in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 219.25 ($2.86).
Central Asia Metals (LON:CAML) traded up 4.195% during midday trading on Wednesday, reaching GBX 189.375. The company’s stock had a trading volume of 57,821 shares. Central Asia Metals has a 12-month low of GBX 118.21 and a 12-month high of GBX 197.82. The company’s market cap is GBX 211.26 million. The firm has a 50 day moving average price of GBX 177.78 and a 200-day moving average price of GBX 167.49.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a 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.