Central Asia Metals (LON:CAML) Receives “Hold” Rating from Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating restated by Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 190 price target on the mining company’s stock. Berenberg Bank’s price objective would suggest a potential upside of 26.72% from the company’s previous close.

Separately, Canaccord Genuity Group reduced their price objective on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 188.75.

Central Asia Metals Stock Performance

CAML stock opened at GBX 149.94 on Wednesday. The company has a market capitalization of £255.50 million, a P/E ratio of -3.52 and a beta of 1.18. The company has a 50-day simple moving average of GBX 155.58 and a 200 day simple moving average of GBX 178.96. Central Asia Metals has a fifty-two week low of GBX 139.20 and a fifty-two week high of GBX 244. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76.

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.