Published On: Mon, Sep 12th, 2016

Central Asia Metals Ltd (CAML) Earns Buy Rating from Canaccord Genuity

Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Monday. They presently have a GBX 190 ($2.53) price objective on the mining company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 8.65% from the stock’s previous close.
A number of other analysts have also weighed in on CAML. FinnCap lowered their target price on Central Asia Metals from GBX 273 ($3.64) to GBX 264 ($3.52) and set a “buy” rating for the company in a report on Wednesday, June 1st. Peel Hunt restated a “buy” rating and set a GBX 220 ($2.93) target price on shares of Central Asia Metals in a report on Wednesday, June 1st. Beaufort Securities restated a “speculative buy” rating on shares of Central Asia Metals in a report on Tuesday, July 5th. Finally, Investec upgraded Central Asia Metals to a “hold” rating and upped their target price for the stock from GBX 159 ($2.12) to GBX 168 ($2.24) in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 206.75 ($2.75).
Central Asia Metals (LON:CAML) traded up 0.9466% on Monday, hitting GBX 177.5399. The stock had a trading volume of 126,054 shares. The stock’s 50-day moving average is GBX 171.34 and its 200 day moving average is GBX 163.41. Central Asia Metals has a 1-year low of GBX 118.21 and a 1-year high of GBX 187.68. The firm’s market capitalization is GBX 198.06 million.

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About Central Asia Metals
Central Asia Metals plc is a United Kingdom-based mining and exploration company. The Company’s principal business activity is the production of copper cathode at its Kounrad operations in Kazakhstan. It has operations primarily in Kazakhstan. It also owns various exploration projects in Mongolia, which are held for sale and has an investment in a copper tailings project in Chile.

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