Peel Hunt Indicates Potential 29.97% Increase In Shares Of Central Asia Metals PLC

Central Asia Metals PLC 2016 Operations Update

On Wednesday Peel Hunt reiterated its broker consensus on shares of Central Asia Metals PLC (LON:CAML) giving the company a ‘Buy’ rating.

Peel Hunt gave shares of Central Asia Metals PLC a price target of 245 indicating a potential increase of 29.97% from Central Asia Metals PLC’s current price of 188.5.

Central Asia Metals PLC has 111,558,000 shares in issue which have a share price of 188.5 giving Central Asia Metals PLC a market capitalisation of 210.29M GBp .

The 52 week high of Central Asia Metals PLC’s shares is 197.82 whilst the 52 week low for the company’s shares is 118.21. The 50 day moving average of LON:CAML is 183.42 and the 200 day moving average is 170.16.

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.