Analysts At Peel Hunt Reiterated Central Asia Metals PLC (LON:CAML) As Buy

Central Asia Metals Says In Talks On ‘potential Transaction’

Today analysts at Peel Hunt reiterated Central Asia Metals PLC’s (LON:CAML) shares as ‘Buy’ in a report released to investors.

According to Peel Hunts price target of 245 on the company’s stock this indicates the broker now believes there is an increase of 4.61% from Central Asia Metals PLC’s current price of 234.2.

The number of Central Asia Metals PLC shares in issue is 111,558,000 which have a current share price of 234.2 bringing Central Asia Metals PLC’s market capitalisation to 261.27M GBp.

The 52 week high of shares in Central Asia Metals PLC is 240 while the 52 week low for the company’s shares is 118.21. The businesses 50 day moving average is 225.41 and its 200 day moving average is 187.99.

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.