Central Asia Metals’ (CAML) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Central Asia Metals (LON:CAML) in a research note published on Wednesday,Digital Look reports. They currently have a GBX 205 price target on the mining company’s stock.

Other analysts have also recently issued reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 190 price target on shares of Central Asia Metals in a report on Thursday, July 9th. Canaccord Genuity Group reduced their price objective on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 188.75.

Central Asia Metals Price Performance

Central Asia Metals stock opened at GBX 154.60 on Wednesday. The firm has a fifty day moving average of GBX 139.01 and a 200-day moving average of GBX 165.89. Central Asia Metals has a 52-week low of GBX 125.27 and a 52-week high of GBX 244. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of £263.45 million, a P/E ratio of -3.63 and a beta of 1.18.

Insider Transactions at Central Asia Metals

In other news, insider Alison Baker acquired 7,545 shares of the business’s stock in a transaction on Monday, June 8th. The shares were purchased at an average price of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is owned by company insiders.

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.