Berenberg Bank Reaffirms Hold Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 190 target price on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 23.54% from the stock’s previous close.

CAML has been the topic of a number of other research reports. Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 target price on shares of Central Asia Metals in a research report on Tuesday, August 11th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a GBX 160 price target on shares of Central Asia Metals in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Price Performance

Shares of LON:CAML traded up GBX 2.60 during trading on Thursday, hitting GBX 153.80. 535,098 shares of the company were exchanged, compared to its average volume of 1,894,467. 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 £262.09 million, a P/E ratio of -6.03 and a beta of 1.21. The company has a quick ratio of 1.97, a current ratio of 3.41 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is GBX 160.99 and its 200-day moving average is GBX 151.87.

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.