Canaccord Genuity Group Increases Central Asia Metals (LON:CAML) Price Target to GBX 215

Central Asia Metals (LON:CAML) had its price target lifted by Canaccord Genuity Group from GBX 180 ($2.22) to GBX 215 ($2.66) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a hold rating on the mining company’s stock.

Separately, Berenberg Bank reiterated a buy rating and issued a GBX 220 ($2.72) target price on shares of Central Asia Metals in a research report on Tuesday, April 9th.

Central Asia Metals Price Performance

Shares of CAML opened at GBX 205 ($2.53) on Friday. The firm has a market cap of £372.90 million, a price-to-earnings ratio of 1,281.25 and a beta of 1.09. The stock has a 50 day moving average of GBX 184.58 and a 200-day moving average of GBX 173.55. The company has a current ratio of 4.44, a quick ratio of 1.97 and a debt-to-equity ratio of 0.48. Central Asia Metals has a 52 week low of GBX 150.60 ($1.86) and a 52 week high of GBX 225 ($2.78).

Central Asia Metals Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 25th will be given a GBX 9 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 4.71%. Central Asia Metals’s payout ratio is 11,250.00%.

Central Asia Metals Company Profile

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.