Central Asia Metals (LON:CAML) Reaches New 52-Week High on Analyst Upgrade

Shares of Central Asia Metals plc (LON:CAML) hit a new 52-week high on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 175 to GBX 205. Canaccord Genuity Group currently has a hold rating on the stock. Central Asia Metals traded as high as GBX 219.50 and last traded at GBX 218, with a volume of 1480046 shares changing hands. The stock had previously closed at GBX 209.50.

CAML has been the topic of several other reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Monday, January 12th. Royal Bank Of Canada cut Central Asia Metals to a “sector perform” rating and lowered their target price for the stock from GBX 220 to GBX 200 in a report on Thursday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research note on Friday, October 10th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 195.

Insider Activity

In related news, insider Gavin Ferrar purchased 12,669 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were purchased 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 Trading Up 4.1%

The stock’s fifty day moving average price is GBX 180.57 and its 200 day moving average price is GBX 164.26. The stock has a market cap of £375.15 million, a P/E ratio of 10.98 and a beta of 1.12. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

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.