Central Asia Metals Cancels 50,000 Shares in Ongoing Buyback

Central Asia Metals ( (GB:CAML) ) has provided an announcement.

Central Asia Metals has repurchased 50,000 of its own ordinary shares at 179 pence each under its ongoing share buyback programme, with the shares to be cancelled and delisted from AIM. Following this transaction, the company’s issued share capital will comprise 179,695,462 ordinary shares, of which 193,325 are held in treasury, leaving 179,502,137 shares in free float for regulatory reporting purposes, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation.

The most recent analyst rating on (GB:CAML) stock is a Hold with a £170.00 price target. To see the full list of analyst forecasts on Central Asia Metals stock, see the GB:CAML Stock Forecast page.

Spark’s Take on GB:CAML Stock

According to Spark, TipRanks’ AI Analyst, GB:CAML is a Outperform.

Central Asia Metals shows strong financial performance and stability, supported by strategic share buybacks enhancing shareholder value. While technical indicators suggest the stock is overbought, its valuation remains reasonable with an attractive dividend yield. Operational challenges at the Sasa mine are a concern but are being addressed strategically.

To see Spark’s full report on GB:CAML stock, click here.

More about Central Asia Metals

Central Asia Metals is an AIM-quoted UK company based in London that produces base metals, owning 100% of the Kounrad SX-EW copper operation in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. It also holds an 80% interest in CAML Exploration, focused on early-stage exploration in Kazakhstan, and a 28.4% stake in Aberdeen Minerals, which is developing base metals projects in northeast Scotland.

Average Trading Volume: 792,975

Technical Sentiment Signal: Strong Buy

Current Market Cap: £308M

For detailed information about CAML stock, go to TipRanks’ Stock Analysis page.