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

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a report issued on Thursday, Marketbeat reports. They presently have a GBX 190 price target on the mining company’s stock. Berenberg Bank’s target price suggests a potential upside of 23.54% from the stock’s current price.

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

Central Asia Metals Price Performance

Central Asia Metals stock traded up GBX 2.60 during mid-day trading on Thursday, reaching GBX 153.80. The company had a trading volume of 535,098 shares, compared to its average volume of 1,894,467. 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 debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The stock’s 50-day simple moving average is GBX 160.99 and its 200-day simple moving average is GBX 151.87. Central Asia Metals has a 1 year low of GBX 125.27 and a 1 year high of GBX 244.

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.