Central Asia Metals Ltd (CAML) Rating Reiterated by Peel Hunt
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued on Wednesday. They currently have a GBX 225 ($2.94) price objective on the mining company’s stock. Peel Hunt’s price target points to a potential upside of 19.68% from the company’s previous close.
CAML has been the topic of a number of other reports. Canaccord Genuity increased their price objective on shares of Central Asia Metals from GBX 190 ($2.48) to GBX 220 ($2.87) and gave the company a “buy” rating in a research note on Wednesday, September 21st. Beaufort Securities reiterated a “speculative buy” rating on shares of Central Asia Metals in a research note on Tuesday, July 5th. FinnCap reiterated a “buy” rating and set a GBX 264 ($3.45) price objective on shares of Central Asia Metals in a research note on Wednesday. Finally, Investec upgraded shares of Central Asia Metals to a “hold” rating and increased their price objective for the company from GBX 159 ($2.08) to GBX 168 ($2.19) in a research note on Tuesday, July 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 219.25 ($2.86).
Shares of Central Asia Metals (LON:CAML) traded down 0.07% on Wednesday, hitting GBX 188.00. 74,005 shares of the stock were exchanged. The firm’s market cap is GBX 209.73 million. Central Asia Metals has a one year low of GBX 118.21 and a one year high of GBX 197.82. The firm’s 50 day moving average price is GBX 178.71 and its 200 day moving average price is GBX 167.78.
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The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors 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 dividend 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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