Central Asia Metals (LON:CAML) Sets New 12-Month High – Should You Buy?

Central Asia Metals plc (LON:CAML) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 201 and last traded at GBX 200, with a volume of 614399 shares. The stock had previously closed at GBX 197.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CAML shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research note on Monday, January 12th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 205 target price on shares of Central Asia Metals in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 185.

Central Asia Metals Stock Up 1.5%

The stock’s fifty day simple moving average is GBX 176.08 and its 200-day simple moving average is GBX 162.72. The stock has a market cap of £344.18 million, a P/E ratio of 10.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15.

Insider Activity

In related news, insider Gavin Ferrar purchased 12,669 shares of Central Asia Metals stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of GBX 158 per share, with a total value of £20,017.02. Company insiders own 9.00% of the company’s stock.

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.