Central Asia Metals (LON:CAML) Reaches New 1-Year High After Analyst Upgrade

Shares of Central Asia Metals plc (LON:CAML) hit a new 52-week high during trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 175 to GBX 205. Canaccord Genuity Group currently has a hold rating on the stock. Central Asia Metals traded as high as GBX 219.50 and last traded at GBX 218, with a volume of 1480046 shares. The stock had previously closed at GBX 209.50.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada lowered shares of Central Asia Metals to a “sector perform” rating and decreased their target price for the company from GBX 220 to GBX 200 in a research note on Thursday. Peel Hunt reaffirmed a “buy” rating and set a GBX 205 target price on shares of Central Asia Metals in a report on Friday, October 10th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 170 price target on shares of Central Asia Metals in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 195.

Insiders Place Their Bets

In related news, insider Gavin Ferrar acquired 12,669 shares of Central Asia Metals stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of GBX 158 per share, for a total transaction of £20,017.02. Corporate insiders own 9.00% of the company’s stock.

Central Asia Metals Stock Up 4.1%

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The company’s 50-day simple moving average is GBX 180.57 and its 200 day simple moving average is GBX 164.26. The firm has a market cap of £375.15 million, a P/E ratio of 10.98 and a beta of 1.12.

Central Asia Metals Company Profile

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.