Central Asia Metals (LON:CAML) Downgraded by Royal Bank Of Canada to “Sector perform”

Central Asia Metals (LON:CAML) was downgraded by equities researchers at Royal Bank Of Canada to a “sector perform” rating in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 200 price target on the mining company’s stock, down from their prior price target of GBX 220. Royal Bank Of Canada’s price target would suggest a potential upside of 1.03% from the company’s current price.

Several other research firms also recently commented on CAML. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 175 price objective on shares of Central Asia Metals in a research note on Thursday, October 16th. Berenberg Bank reiterated a “hold” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Monday, January 12th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Central Asia Metals currently has an average rating of “Hold” and an average target price of GBX 187.50.

Central Asia Metals Stock Down 5.5%

LON:CAML opened at GBX 197.97 on Thursday. The company’s fifty day moving average price is GBX 178.82 and its 200-day moving average price is GBX 163.62. The firm has a market capitalization of £340.68 million, a P/E ratio of 9.97 and a beta of 1.12. Central Asia Metals has a 1-year low of GBX 134.46 and a 1-year high of GBX 213.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97.

Insider Buying and Selling at Central Asia Metals

In related news, insider Gavin Ferrar acquired 12,669 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £20,017.02. 9.00% of the stock is currently 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.