Central Asia Metals (LON:CAML) Stock Gets Price Target Trim from Berenberg Bank

Central Asia Metals (LON:CAML) had its target price decreased by Berenberg Bank from GBX 190 to GBX 150 in a research note published on Friday morning,Digital Look reports. Berenberg Bank currently has a hold rating on the mining company’s stock.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 170 target price on shares of Central Asia Metals in a research note on Tuesday, August 11th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 160 price objective on shares of Central Asia Metals in a research report on Thursday, October 15th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 171.25.

Central Asia Metals Stock Down 5.3%

Central Asia Metals stock opened at GBX 129.40 on Friday. The stock’s fifty day moving average is GBX 158.08 and its two-hundred day moving average is GBX 163.81. Central Asia Metals has a 1-year low of GBX 125.27 and a 1-year high of GBX 244. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The stock has a market cap of £220.51 million, a PE ratio of -5.07 and a beta of 1.21.

Insider Buying and Selling

In other news, insider Alison Baker bought 7,607 shares of Central Asia Metals stock in a transaction dated Friday, October 30th. The shares were bought at an average price of GBX 131 per share, for a total transaction of £9,965.17. 8.57% of the stock is currently owned by company insiders.

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.