Canaccord Genuity Increases Central Asia Metals Ltd (CAML) Price Target to GBX 220
Central Asia Metals Ltd (LON:CAML) had its price objective boosted by stock analysts at Canaccord Genuity from GBX 190 ($2.48) to GBX 220 ($2.87) in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity’s target price would suggest a potential upside of 21.55% from the stock’s current price.
CAML has been the subject of a number of other research reports. Beaufort Securities reaffirmed a “speculative buy” rating on shares of Central Asia Metals in a research note on Tuesday, July 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 ($2.68) price target on shares of Central Asia Metals in a research note on Monday, July 4th. FinnCap reaffirmed a “buy” rating and issued a GBX 264 ($3.45) price target on shares of Central Asia Metals in a research note on Wednesday, June 15th. Finally, Investec raised Central Asia Metals to a “hold” rating and raised their price target for the stock from GBX 159 ($2.08) to GBX 168 ($2.19) in a research note 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 company presently has an average rating of “Buy” and a consensus target price of GBX 214.25 ($2.80).
Central Asia Metals (LON:CAML) traded down 0.7099% during trading on Wednesday, reaching GBX 179.7151. 41,326 shares of the company’s stock were exchanged. Central Asia Metals has a 12 month low of GBX 118.21 and a 12 month high of GBX 187.68. The firm has a 50 day moving average of GBX 173.47 and a 200-day moving average of GBX 165.46. The stock’s market cap is GBX 200.49 million.
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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 GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 3.21%.
About Central Asia Metals
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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