Canaccord Genuity Group Lowers Central Asia Metals (LON:CAML) Price Target to GBX 160
by Scott Moore · The Cerbat GemCentral Asia Metals (LON:CAML – Get Free Report) had its price target lowered by research analysts at Canaccord Genuity Group from GBX 165 to GBX 160 in a research report issued on Friday,Digital Look reports. The firm presently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 2.17% from the company’s current price.
CAML has been the topic of a number of other research reports. Royal Bank Of Canada cut shares of Central Asia Metals to a “sector perform” rating and lowered their target price for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Berenberg Bank reissued a “hold” rating and set a GBX 190 target price on shares of Central Asia Metals in a report on Friday. 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.com, the company has a consensus rating of “Hold” and an average price target of GBX 188.75.
Get Our Latest Stock Report on CAML
Central Asia Metals Stock Performance
Central Asia Metals stock traded up GBX 3.60 during trading on Friday, hitting GBX 156.60. The stock had a trading volume of 19,447,268 shares, compared to its average volume of 2,092,952. Central Asia Metals has a 1 year low of GBX 139.20 and a 1 year high of GBX 244. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average is GBX 186.34 and its two-hundred day moving average is GBX 179.04. The stock has a market cap of £266.86 million, a price-to-earnings ratio of -3.68 and a beta of 1.09.
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.