Central Asia Metals’ (CAML) “Buy” Rating Reiterated at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 190 price objective on the mining company’s stock. Berenberg Bank’s target price indicates a potential upside of 40.12% from the company’s previous close.

Separately, Canaccord Genuity Group lowered their price target on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 188.75.

Central Asia Metals Price Performance

Shares of LON CAML opened at GBX 135.60 on Thursday. The business’s 50 day moving average price is GBX 150.01 and its two-hundred day moving average price is GBX 177.09. The company has a market cap of £231.07 million, a PE ratio of -3.19 and a beta of 1.18. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. Central Asia Metals has a twelve month low of GBX 128.60 and a twelve month high of GBX 244.

Insider Activity

In other news, insider Alison Baker acquired 7,545 shares of Central Asia Metals stock in a transaction dated Monday, June 8th. The stock was bought at an average price of GBX 133 per share, for a total transaction of £10,034.85. 8.57% 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.