The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCentral Asia Metals Share News (CAML)

Share Price Information for Central Asia Metals (CAML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 221.50
Bid: 220.00
Ask: 221.50
Change: 3.00 (1.37%)
Spread: 1.50 (0.682%)
Open: 218.50
High: 221.50
Low: 218.00
Prev. Close: 218.50
CAML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Canaccord starts Central Asian Metals at 'buy', expects big excess cash generation

Tue, 20th Jul 2021 09:34

(Sharecast News) - Analysts at Canaccord Genuity initiated coverage of Central Asia Metals at 'buy', pointing out to clients the long life of the miner's main assets, los cash costs and consistent output.
In their opinion, those attributes meant the copper, zinc and lead miner offered "high-quality lower risk exposure to those base metals".

The low-cost assets were key, as they underpinned the outfit's commitment to its dividends, providing margins on an earnings before interest, taxes, depreciation and amortisation basis of 60-70%.

Central Asia Metals required capital expenditures were also "modest", the broker said.

The broker continued: "we believe that free cashflow (>17% p.a. yield over our medium-term forecasts) will remain robust through a wide range of commodity price environments, thus providing confidence in the underpinning of an attractive dividend."

Indeed, the company was anticipated to turn net cash positive in 2021 and to generate excess cash - after dividends and debt repayments that is - of approximately $233.0m in aggregate over the next five years.

The latter would be equivalent to 40.0% of the company's market capitalisation.

Canaccord had penciled-in an annual dividend yield of about 7.0% for over the next five years working from the middle of the company's stated dividend policy of paying out 30-50% of its free cash flow as dividends.

The analysts set an initial target price of 280.0p for the stock derived from a combination of their 12-month forward growth forecast for the company's EBITDA of 0% and the targeted dividend yield for 2022 of 5.0%.
More News
21 May 2015 09:47

Central Asia Metals Completes First Stage Of Kounrad Plant Expansion

Read more
24 Apr 2015 12:17

DIRECTOR DEALINGS SUMMARY: Sierra Rutile Directors Buy 451,000 Shares

Read more
23 Apr 2015 08:42

DIRECTOR DEALINGS: Central Asia Metals Chairman Sells 250,543 Shares

Read more
15 Apr 2015 07:31

LONDON MORNING BRIEFING: Next And Burberry Shares In Fashion

Read more
15 Apr 2015 05:13

AGM, EGM Calendar - Week Ahead

Read more
14 Apr 2015 15:00

AGM, EGM Calendar - Week Ahead

Read more
14 Apr 2015 05:11

AGM, EGM Calendar - Week Ahead

Read more
13 Apr 2015 15:01

AGM, EGM Calendar - Week Ahead

Read more
13 Apr 2015 05:36

AGM, EGM Calendar - Week Ahead

Read more
10 Apr 2015 15:01

AGM, EGM Calendar - Week Ahead

Read more
10 Apr 2015 05:24

AGM, EGM Calendar - Week Ahead

Read more
9 Apr 2015 15:20

AGM, EGM Calendar - Week Ahead

Read more
9 Apr 2015 05:13

AGM, EGM Calendar - Week Ahead

Read more
8 Apr 2015 15:21

AGM, EGM Calendar - Week Ahead

Read more
7 Apr 2015 09:07

Central Asia Metals reports increase in copper production and sales

Mining and exploration group Central Asia Metals said production and sales of copper at its Kounrad copper recovery plant in Kazakhstan rose in the first quarter. The London-listed company said that copper production in the first quarter rose 23% year-on-year to 2,350 tonnes, driven by an expanded b

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.