Central Asia Metals (LON:CAML) Shares Up 8.5% – Time to Buy?

Central Asia Metals plc (LON:CAML)’s stock price traded up 8.5% on Wednesday . The stock traded as high as GBX 185.20 and last traded at GBX 181.80. 4,819,152 shares changed hands during trading, an increase of 149% from the average session volume of 1,937,685 shares. The stock had previously closed at GBX 167.60.

Analysts Set New Price Targets

Several research firms have recently commented on CAML. Berenberg Bank downgraded Central Asia Metals to a “hold” rating and set a GBX 190 price objective for the company. in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 181.25.

Central Asia Metals Price Performance

The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. The company has a market capitalization of £308.85 million, a P/E ratio of -4.26 and a beta of 1.19. The company has a 50 day moving average price of GBX 143.65 and a 200 day moving average price of GBX 159.53.

Insider Transactions at Central Asia Metals

In other Central Asia Metals news, insider Alison Baker purchased 7,545 shares of the business’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of GBX 133 per share, with a total value of £10,034.85. 8.57% of the stock is owned by corporate insiders.

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.