Central Asia Metals (LON:CAML) Receives Hold Rating from Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 215 target price on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 15.34% from the stock’s current price.

CAML has been the subject of several other reports. Royal Bank Of Canada cut Central Asia Metals to a “sector perform” rating and reduced their price target for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Canaccord Genuity Group upped their price objective on Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Central Asia Metals has a consensus rating of “Hold” and an average target price of GBX 206.25.

Central Asia Metals Stock Performance

CAML traded up GBX 3.60 during midday trading on Wednesday, hitting GBX 186.40. 13,567,402 shares of the company were exchanged, compared to its average volume of 2,554,761. The company’s 50 day simple moving average is GBX 209.39 and its 200 day simple moving average is GBX 177.85. The firm has a market capitalization of £318.47 million, a price-to-earnings ratio of 9.39 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 244. The company has a current ratio of 1.88, a quick ratio of 1.97 and a debt-to-equity ratio of 2.15.

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.