Peel Hunt Reaffirms Buy Rating for Central Asia Metals (CAML)

Central Asia Metals (LON:CAML)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report issued on Friday. They currently have a GBX 315 ($4.21) target price on the mining company’s stock. Peel Hunt’s price objective would suggest a potential upside of 1.61% from the stock’s previous close.

Separately, FinnCap reiterated an “under review” rating on shares of Central Asia Metals in a research report on Tuesday, September 12th.

Shares of Central Asia Metals (LON CAML) traded up GBX 2 ($0.03) during trading on Friday, hitting GBX 310 ($4.14). 476,931 shares of the company’s stock traded hands, compared to its average volume of 490,286. Central Asia Metals has a 52 week low of GBX 2.59 ($0.03) and a 52 week high of GBX 311 ($4.16).

In other Central Asia Metals news, insider Kenges Rakishev sold 10,605,875 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of GBX 230 ($3.08), for a total transaction of £24,393,512.50 ($32,616,008.16).

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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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