Canaccord Genuity Group Forecasts Strong Price Appreciation for Central Asia Metals (LON:CAML) Stock

Central Asia Metals (LON:CAML) had its price target raised by analysts at Canaccord Genuity Group from GBX 175 to GBX 205 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the mining company’s stock. Canaccord Genuity Group’s price target points to a potential downside of 2.15% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research report on Monday, January 12th. Royal Bank Of Canada cut Central Asia Metals to a “sector perform” rating and lowered their target price for the company from GBX 220 to GBX 200 in a research note on Thursday. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research note on Friday, October 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 195.

Central Asia Metals Trading Up 2.9%

Shares of CAML opened at GBX 209.50 on Friday. Central Asia Metals has a 1-year low of GBX 134.46 and a 1-year high of GBX 213.50. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is GBX 180.57 and its 200-day moving average price is GBX 164.24. The firm has a market capitalization of £360.52 million, a price-to-earnings ratio of 10.55 and a beta of 1.12.

Insider Buying and Selling at Central Asia Metals

In related news, insider Gavin Ferrar acquired 12,669 shares of Central Asia Metals stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of GBX 158 per share, with a total value of £20,017.02. 9.00% of the stock is owned by insiders.

About Central Asia Metals

Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia

CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.