Central Asia Metals Ltd (CAML) Price Target Raised to GBX 255 at Peel Hunt

Copper and the Making of Kazakhstan's New Metal Moguls

Central Asia Metals Ltd (LON:CAML) had its price target boosted by equities research analysts at Peel Hunt from GBX 245 ($2.98) to GBX 255 ($3.10) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the mining company’s stock. Peel Hunt’s price target indicates a potential upside of 9.68% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 220 ($2.68) price target on shares of Central Asia Metals in a research note on Thursday, January 5th. FinnCap reiterated a “buy” rating and issued a GBX 264 ($3.21) price target on shares of Central Asia Metals in a research note on Thursday, January 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Central Asia Metals presently has an average rating of “Buy” and a consensus target price of GBX 226.75 ($2.76).

About Central Asia Metals

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.

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