Central Asia Metals (LON:CAML) Price Target Raised to GBX 215

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

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

Central Asia Metals Stock Performance

Shares of CAML opened at GBX 205 ($2.53) on Friday. The company has a market capitalization of £372.90 million, a PE ratio of 1,281.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.44 and a quick ratio of 1.97. Central Asia Metals has a one year low of GBX 150.60 ($1.86) and a one year high of GBX 225 ($2.78). The company’s fifty day moving average price is GBX 184.58 and its 200 day moving average price is GBX 173.60.

Central Asia Metals Announces Dividend

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

About Central Asia Metals

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.