Berenberg Bank Reiterates “Hold” Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 170 price target on the mining company’s stock. Berenberg Bank’s target price would suggest a potential downside of 11.37% from the stock’s current price.

A number of other analysts have also issued reports on the company. Peel Hunt restated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a report on Friday, October 10th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 175 price objective on shares of Central Asia Metals in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 185.

Central Asia Metals Trading Up 1.9%

Shares of CAML stock traded up GBX 3.60 during trading hours on Monday, reaching GBX 191.80. 1,397,754 shares of the stock traded hands, compared to its average volume of 2,341,147. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of £330.06 million, a PE ratio of 9.66 and a beta of 1.12. Central Asia Metals has a 1-year low of GBX 134.46 and a 1-year high of GBX 194.80. The business has a fifty day moving average price of GBX 171.91 and a 200 day moving average price of GBX 161.45.

Insider Buying and Selling at Central Asia Metals

In other Central Asia Metals news, insider Gavin Ferrar acquired 12,669 shares of Central Asia Metals stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average price of GBX 158 per share, with a total value of £20,017.02. Corporate insiders own 9.00% of the company’s stock.

About Central Asia Metals

Central Asia Metals (CAML) is a base metals producer quoted on the AIM market of the London Stock Exchange with copper operations in Kazakhstan, and a zinc and lead mine in North Macedonia

CAML is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan and 100% of the Sasa zinc and lead mine in North Macedonia. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.