Canaccord Genuity Reiterates Buy Rating for Central Asia Metals (CAML)
Central Asia Metals (LON:CAML)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Tuesday. They currently have a GBX 215 ($3.62) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 29.52% from the stock’s previous close.
CAML has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of Central Asia Metals from GBX 236 ($3.97) to GBX 243 ($4.09) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at FinnCap reiterated a “buy” rating on shares of Central Asia Metals in a research note on Tuesday.
Shares of Central Asia Metals (LON:CAML) opened at 171.50 on Tuesday. Central Asia Metals has a one year low of GBX 105.525 and a one year high of GBX 190.00. The stock has a 50-day moving average of GBX 172.7 and a 200-day moving average of GBX 164.6.
The company also recently announced a dividend, which is scheduled for Friday, June 20th. Stockholders of record on Wednesday, May 28th will be paid a dividend of GBX 5 ($0.08) per share. This represents a dividend yield of 2.78%. The ex-dividend date is Wednesday, May 28th.
Central Asia Metals Plc (LON:CAML), formerly Central Asia Metals Limited, is a mining exploration and development company.
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