Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 225 ($2.94) target price on the mining company’s stock. Peel Hunt’s target price would indicate a potential upside of 24.48% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the stock. FinnCap reissued a “buy” rating and set a GBX 264 ($3.45) price target on shares of Central Asia Metals in a research report on Wednesday. Canaccord Genuity boosted their price objective on shares of Central Asia Metals from GBX 190 ($2.48) to GBX 220 ($2.87) and gave the company a “buy” rating in a research report on Wednesday, September 21st. Investec raised shares of Central Asia Metals to a “hold” rating and boosted their price objective for the company from GBX 159 ($2.08) to GBX 168 ($2.19) in a research report on Tuesday, July 19th. Finally, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Central Asia Metals in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Central Asia Metals has a consensus rating of “Buy” and an average price target of GBX 219.25 ($2.86).
Central Asia Metals (LON:CAML) opened at 184.1875 on Wednesday. Central Asia Metals has a 52-week low of GBX 118.21 and a 52-week high of GBX 187.68. The firm’s market capitalization is GBX 205.48 million. The firm’s 50-day moving average is GBX 177.31 and its 200 day moving average is GBX 167.29.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 3.21%.
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.
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