Peel Hunt reaffirmed their add rating on shares of Central Asia Metals (LON:CAML) in a research note issued to investors on Monday, February 26th. They currently have a GBX 345 ($4.77) price objective on the mining company’s stock.
Separately, Canaccord Genuity upped their price objective on shares of Central Asia Metals from GBX 275 ($3.80) to GBX 320 ($4.42) and gave the company a buy rating in a research report on Friday, February 2nd.
Central Asia Metals (LON CAML) traded down GBX 1.50 ($0.02) during mid-day trading on Monday, reaching GBX 336 ($4.64). 555,228 shares of the company traded hands, compared to its average volume of 663,089. Central Asia Metals has a 1 year low of GBX 2.59 ($0.04) and a 1 year high of GBX 345.50 ($4.77).
In related news, insider Kenges Rakishev sold 10,605,876 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of GBX 275 ($3.80), for a total value of £29,166,159 ($40,295,881.46).
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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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