Central Asia Metals PLC -6.5% potential downside indicated by Canaccord Genuity

Central Asia Metals PLC with ticker (LON:CAML) now has a potential downside of -6.5% according to Canaccord Genuity.



Canaccord Genuity set a target price of 215 GBX for the company, which when compared to the Central Asia Metals PLC share price of 230 GBX at opening today (17/05/2024) indicates a potential downside of -6.5%. Trading has ranged between 150 (52 week low) and 233 (52 week high) with an average of 654,301 shares exchanging hands daily. The market capitalisation at the time of writing is £397,947,458.

Central Asia Metals plc is a base metals producer with copper operations in Kazakhstan and a zinc and lead mine in North Macedonia. The Company’s principal business activities are the production of copper cathode at its Kounrad operations in Kazakhstan and the production of lead, zinc, and silver at its Sasa operations in North Macedonia. It owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper project in Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. It is the operator of the SX-EW copper recovery plant at Kounrad, near the city of Balkhash in central Kazakhstan. This facility recovers copper from waste dumps (Eastern and Western dumps) that originated from the Kounrad open-pit copper mine. The Sasa mine is located in north-eastern North Macedonia, approximately 150 kilometers (km) east of the capital city, Skopje, and 10 km north of local town, Makedonska Kamenica. The Sasa mine produces approximately 820,000 tons of ore each year.