Peel Hunt Reiterates Buy Rating for Central Asia Metals Ltd (CAML)
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 245 ($3.17) price target on the mining company’s stock. Peel Hunt’s target price points to a potential upside of 10.86% from the stock’s current price.
Separately, FinnCap reiterated a “buy” rating and set a GBX 290 ($3.75) target price on shares of Central Asia Metals in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 230.75 ($2.98).
Central Asia Metals (CAML) opened at 220.8049 on Friday. The stock’s market cap is GBX 246.33 million. The firm’s 50 day moving average price is GBX 225.45 and its 200-day moving average price is GBX 229.36. Central Asia Metals has a 1-year low of GBX 135.75 and a 1-year high of GBX 263.00.
The company also recently declared a dividend, which was paid on Wednesday, June 7th. Investors of record on Thursday, May 11th were issued a dividend of GBX 10 ($0.13) per share. This is a boost from Central Asia Metals’s previous dividend of $5.50. This represents a yield of 4.36%. The ex-dividend date was Thursday, May 11th.
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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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