Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As ‘Buy’

Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As ‘Buy’On Monday analysts at Peel Hunt reiterated Central Asia Metals PLC’s (LON:CAML) shares as ‘Buy’ in a research note issued to investors.

Following Peel Hunt’s latest price target of 205 on the business this highlights that the broker now believes there is an increase of 18.33% from Central Asia Metals PLC’s current share price of 173.25.

The number of shares Central Asia Metals PLC currently has in issue is 111,558,000, which have a value of 173.25 per share calculating Central Asia Metals PLC’s market capitalisation to 193.27M GBP.

Shares in Central Asia Metals PLC have risen as high as 187.68 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 118.21. The business’s 50 day moving average is 171.34 and its 200 day moving average is 163.4.

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. Its projects include Kounrad, which is an open-pit copper mine, located near the city of Balkhash in central Kazakhstan; Handgait molybdenum exploration project, which is situated in northern Mongolia; Ereen gold exploration project, which is situated approximately 130 kilometers north of Ulaanbaatar, in the center of Mongolia’s historic mining district, and Chanaral Bay copper project, which is in the Atacama region of Chile, approximately 1,000 kilometers north of Santiago and over 120 kilometers northwest of the regional capital of Copiapo.