Peel Hunt Reaffirms “Buy” Rating for Central Asia Metals (LON:CAML)

Peel Hunt reiterated their buy rating on shares of Central Asia Metals (LON:CAML) in a report released on Monday, ThisIsMoney.Co.Uk reports.

Separately, Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 290 ($3.79) price objective on shares of Central Asia Metals in a research report on Monday, August 19th.

CAML stock opened at GBX 205 ($2.68) on Monday. The stock has a market capitalization of $360.77 million and a PE ratio of 7.71. Central Asia Metals has a 12-month low of GBX 176 ($2.30) and a 12-month high of GBX 274 ($3.58). The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 44.48. The stock’s 50 day simple moving average is GBX 192.77 and its 200 day simple moving average is GBX 220.93.

The business also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 3.39%. Central Asia Metals’s dividend payout ratio is presently 0.53%.

About Central Asia Metals

Central Asia Metals plc, together with its subsidiaries, mines and explores for mineral properties. The company explores for copper, zinc, lead, silver, gold, and molybdenum deposits. The company holds a 100% interests in the solvent extraction-electro winning copper plant located near the city of Balkhash in central Kazakhstan; and Sasa mine located in north eastern Macedonia.

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