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

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

According to a report issued to investors by Finncap on Thursday, shares of Central Asia Metal (LON:CAML) had their rating maintained by analysts to ‘Buy’.

The analyst stated that the investment firm has set a price target of 264 on shares of LON:CAML. Based on the brokers price target of 264, this means Finncap believes there is a potential increase of 13.79% from the current stock price of 232.

Central Asia Metal has 111,558,000 shares which are currently outstanding with shareholders and have a price of 232 bringing Central Asia Metal’s market capitalisation to 258.81M GBP.

Central Asia Metal Share Chart Over Twelve Months

The company’s 50 day moving average is 224.41 and its 200 day moving average is 187.34. The 52 week high Central Asia Metal’s shares have reached is 240 whilst the 52 week low for the company’s shares is 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.

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