Central Asia Metals Ltd (CAML) Receives “Buy” Rating from Peel Hunt

Central Asia Metals Ltd (LON:CAML)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a report issued on Wednesday. They presently have a GBX 295 ($3.89) price objective on the mining company’s stock. Peel Hunt’s price target indicates a potential upside of 21.65% from the stock’s current price.

Separately, FinnCap reaffirmed a “buy” rating and set a GBX 290 ($3.83) target price on shares of Central Asia Metals in a research report on Wednesday, July 5th.

Central Asia Metals (LON CAML) opened at 246.3099 on Wednesday. The stock has a 50 day moving average price of GBX 245.97 and a 200-day moving average price of GBX 230.04. Central Asia Metals has a 12 month low of GBX 185.25 and a 12 month high of GBX 263.00. The stock’s market cap is GBX 274.78 million.

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In other news, insider Kenges Rakishev sold 10,605,875 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of GBX 230 ($3.04), for a total transaction of £24,393,512.50 ($32,189,908.29).

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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