Central Asia Metals (LON:CAML) Stock Keeps Hold Rating at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 190 price target on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 24.53% from the stock’s current price.

Several other research analysts also recently weighed in on CAML. Peel Hunt reiterated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research note on Wednesday, August 5th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 160 price objective on shares of Central Asia Metals in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 170 price objective on shares of Central Asia Metals in a report on Tuesday, August 11th. One equities research 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 an average rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

LON:CAML opened at GBX 152.57 on Thursday. 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 business has a fifty day simple moving average of GBX 160.86 and a two-hundred day simple moving average of GBX 151.86. Central Asia Metals has a 1 year low of GBX 125.27 and a 1 year high of GBX 244. The company has a market capitalization of £259.99 million, a P/E ratio of -5.98 and a beta of 1.21.

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.