Central Asia Metals Ltd (CAML) Given “Buy” Rating at Peel Hunt
Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 205 ($2.73) target price on the mining company’s stock. Peel Hunt’s price objective points to a potential upside of 16.56% from the company’s previous close.
Several other equities research analysts have also issued reports on CAML. Canaccord Genuity reissued a “buy” rating and set a GBX 190 ($2.53) target price on shares of Central Asia Metals in a research note on Monday, July 4th. FinnCap reiterated a “buy” rating and issued a GBX 264 ($3.52) price objective on shares of Central Asia Metals in a report on Monday, July 4th. Investec upgraded shares of Central Asia Metals to a “hold” rating and increased their price objective for the company from GBX 159 ($2.12) to GBX 168 ($2.24) in a report on Tuesday, July 19th. Finally, Beaufort Securities reiterated a “speculative buy” rating on shares of Central Asia Metals in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 206.75 ($2.75).
Shares of Central Asia Metals (LON:CAML) opened at 173.25 on Monday. The company’s market capitalization is GBX 193.27 million. Central Asia Metals has a 52 week low of GBX 118.21 and a 52 week high of GBX 187.68. The firm’s 50-day moving average price is GBX 171.34 and its 200 day moving average price is GBX 163.40.
Central Asia Metals Company Profile
Central Asia Metals plc is a United Kingdom-based mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It has operations primarily in Kazakhstan. It also owns various exploration projects in Mongolia, which are held for sale and has an investment in a copper tailings project in Chile.