Central Asia Metals Ltd (CAML) Stock Rating Reaffirmed by Peel Hunt
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 245 ($3.06) target price on the mining company’s stock. Peel Hunt’s price target suggests a potential upside of 11.68% from the stock’s current price.
A number of other research firms have also recently issued reports on CAML. Canaccord Genuity raised their price objective on Central Asia Metals from GBX 190 ($2.37) to GBX 220 ($2.75) and gave the company a “buy” rating in a research report on Wednesday, September 21st. FinnCap reaffirmed a “buy” rating and issued a GBX 264 ($3.30) price objective on shares of Central Asia Metals in a research report on Wednesday, October 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 224.25 ($2.80).
Shares of Central Asia Metals (LON:CAML) opened at 221.22 on Tuesday. The company has a 50-day moving average price of GBX 194.03 and a 200 day moving average price of GBX 173.12. The firm’s market cap is GBX 246.79 million. Central Asia Metals has a 52 week low of GBX 118.21 and a 52 week high of GBX 227.00.
The business also recently disclosed a dividend, which was paid on Friday, October 28th. Shareholders of record on Thursday, October 6th were paid a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date was 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.
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