1100 GMT - Central Asia Metals looks on track to top copper production guidance after reiterating its full-year production target, Canaccord Genuity analyst Alex Bedwany writes in a research note. Due to a shift in the balance of zinc and lead content in the ore at the mining company's Sasa project in North Macedonia, zinc production was lower that estimates, while lead was ahead, Bedwany says. Canaccord rates the stock a buy with a price target of 265 pence. "We think the current discount could unwind further into the Capital Markets Day on Sept. 13, where we anticipate further detail on Hunting's end markets and energy transition capabilities," she says. RBC rates the stock outperform and keeps a price target of 400 pence.

Source: Wall Street Journal July 12, 2023 01:35 UTC