Central Asia Metals’ (CAML) “Hold” Rating Reaffirmed at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 215 price objective on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 15.34% from the company’s previous close.

A number of other analysts have also issued reports on CAML. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and lowered their price target for the stock from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. Canaccord Genuity Group lifted their target price on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Central Asia Metals has a consensus rating of “Hold” and an average price target of GBX 206.25.

Central Asia Metals Price Performance

Central Asia Metals stock traded up GBX 3.60 during midday trading on Wednesday, reaching GBX 186.40. The company had a trading volume of 13,567,402 shares, compared to its average volume of 2,554,761. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.88 and a quick ratio of 1.97. Central Asia Metals has a 12-month low of GBX 134.46 and a 12-month high of GBX 244. The company has a market capitalization of £318.47 million, a P/E ratio of 9.39 and a beta of 1.12. The firm’s fifty day simple moving average is GBX 209.39 and its 200-day simple moving average is GBX 177.85.

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.