FinnCap Reaffirms “Buy” Rating for Central Asia Metals Ltd (CAML)
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reaffirmed by equities research analysts at FinnCap in a note issued to investors on Wednesday. They presently have a GBX 264 ($3.45) target price on the mining company’s stock. FinnCap’s price target points to a potential upside of 40.43% from the company’s current price.
CAML has been the subject of several other reports. Canaccord Genuity raised their price objective on 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 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 objective on shares of Central Asia Metals in a research note on Wednesday, August 31st. Finally, Investec raised Central Asia Metals to a “hold” rating and raised 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 219.25 ($2.86).
Central Asia Metals (LON:CAML) traded down 0.07% during trading on Wednesday, reaching GBX 188.00. The company had a trading volume of 74,005 shares. Central Asia Metals has a 12 month low of GBX 118.21 and a 12 month high of GBX 197.82. The firm’s 50 day moving average is GBX 178.71 and its 200-day moving average is GBX 167.78. The company’s market capitalization is GBX 209.73 million.
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The business also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 3.21%. The ex-dividend date is Thursday, October 6th.
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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