Central Asia Metals (LON:CAML) Given “Hold” Rating at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 170 price objective on the mining company’s stock. Berenberg Bank’s target price suggests a potential downside of 11.37% from the company’s previous close.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group restated a “hold” rating and set a GBX 175 price objective on shares of Central Asia Metals in a research report on Thursday, October 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 185.

Central Asia Metals Stock Performance

Shares of LON CAML traded up GBX 3.60 during midday trading on Monday, hitting GBX 191.80. The company’s stock had a trading volume of 1,397,754 shares, compared to its average volume of 2,341,147. The firm has a market cap of £330.06 million, a P/E ratio of 9.66 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 194.80. The firm’s fifty day moving average price is GBX 171.91 and its 200-day moving average price is GBX 161.45. 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 at Central Asia Metals

In related news, insider Gavin Ferrar purchased 12,669 shares of Central Asia Metals stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost 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.