Today Peel Hunt Increases Central Asia Metals Price Target To Gbx 255

Central Asia Says On Track For Upper End Of 2017 Production Guidance

Central Asia Metals Ltd (LON:CAML) had its price target hoisted by research analysts at Peel Hunt from GBX 245 ($2.98) to GBX 255 ($3.10) in a report released on Wednesday. The brokerage presently has a “buy” rating on the mining company’s stock. Peel Hunt’s price objective would indicate a potential upside of 9.80% from the stock’s previous close.

Several other analysts have also issued reports on CAML. Canaccord Genuity boosted their price target on shares of Central Asia Metals from GBX 190 ($2.31) to GBX 220 ($2.68) and gave the company a “buy” rating in a research report on Wednesday, September 21st. FinnCap reissued a “buy” rating and issued a GBX 264 ($3.21) price target on shares of Central Asia Metals in a research report on Wednesday, October 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 226.75 ($2.76).

Shares of Central Asia Metals (LON:CAML) traded down 1.06% during trading on Wednesday, reaching GBX 233.50. 77,400 shares of the company traded hands. The firm’s 50-day moving average is GBX 225.41 and its 200-day moving average is GBX 187.99. Central Asia Metals has a 12-month low of GBX 121.25 and a 12-month high of GBX 240.00. The stock’s market capitalization is GBX 260.49 million.

Central Asia Metals Company Profile

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.

by Mark Robinson

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