Central Asia Metals PLC (LON:CAML) Receives ‘Buy’ Rating From Brokers At Peel Hunt

Finncap Maintained Central Asia Metal (LON:CAML) as ‘Buy’ With 264 PT

Central Asia Metals PLC (LON:CAML) yesterday was the subject of a new research report issued by Peel Hunt in which it was reiterated as ‘Buy’ by analysts at the firm.

Peel Hunt noted a target price of 225 on Central Asia Metals PLC’s shares. According to this price target, it now means the analyst believes there is a potential increase of 20.16% from the company’s current share price of 187.25.

Today there are 111,558,000 shares in issue of Central Asia Metals PLC which are currently trading at 187.25 which brings the business’s market capitalisation to 208.89M GBP.

The 50 day moving average of Central Asia Metals PLC (LON:CAML) is 177.78 whilst its 200 day moving average is 167.49. The highest share price LON:CAML shares have reached in the prior twelve months is 197.82 with the lowest being 118.21.

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.