Central Asia Metals (LON:CAML) Hits New 52-Week High – Should You Buy?

Central Asia Metals plc (LON:CAML) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 234.50 and last traded at GBX 234.50, with a volume of 648174 shares trading hands. The stock had previously closed at GBX 231.50.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada downgraded Central Asia Metals to a “sector perform” rating and cut their price objective for the company from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. Berenberg Bank reissued a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research note on Monday, January 12th. Finally, Canaccord Genuity Group upped their target price on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 195.

Central Asia Metals Stock Up 1.3%

The firm has a 50 day moving average price of GBX 203.59 and a two-hundred day moving average price of GBX 174.89. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of £400.65 million, a price-to-earnings ratio of 11.81 and a beta of 1.12.

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.