Central Asia Metals (CAML)

Sector:

Mining

Index:

FTSE AIM 50

233.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 293.00
  • 52 Week Low: 219.00
  • Currency: UK Pounds
  • Shares Issued: 176.03m
  • Volume: 296,464
  • Market Cap: £410.14m
  • Beta: 0.02

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

By Alexander Bueso

Date: Tuesday 20 Jul 2021

LONDON (ShareCast) - (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%.

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CAML Market Data

Currency UK Pounds
Share Price 233.00p
Change Today -4.00p
% Change -1.69 %
52 Week High 293.00
52 Week Low 219.00
Volume 296,464
Shares Issued 176.03m
Market Cap £410.14m
Beta 0.02

CAML Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.97% above the market average98.97% above the market average98.97% above the market average98.97% above the market average98.97% above the market average
89.38% above the sector average89.38% above the sector average89.38% above the sector average89.38% above the sector average89.38% above the sector average
Price Trend
14.87% above the market average14.87% above the market average14.87% above the market average14.87% above the market average14.87% above the market average
39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average
Income
92.46% above the market average92.46% above the market average92.46% above the market average92.46% above the market average92.46% above the market average
23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average
Growth
20.03% below the market average20.03% below the market average20.03% below the market average20.03% below the market average20.03% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAML Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Sep-21 29-Apr-21
Paid 22-Oct-21 25-May-21
Amount 8.00p 8.00p

Trades for 20-Jan-2022

Time Volume / Share Price
16:35 33,456 @ 233.00p
16:29 25 @ 234.50p
16:29 9 @ 234.50p
16:29 49 @ 234.50p
16:29 38 @ 234.50p

CAML Key Personnel

CEO Nigel Robinson
CFO Gavin Ferrar

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