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

Berenberg Bank reiterated their hold rating on shares of Central Asia Metals (LON:CAML) in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 190 price objective on the mining company’s stock.

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

Central Asia Metals Stock Performance

Shares of LON:CAML opened at GBX 153 on Thursday. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. Central Asia Metals has a 12 month low of GBX 125.27 and a 12 month high of GBX 244. The company has a market capitalization of £260.72 million, a price-to-earnings ratio of -6.00 and a beta of 1.21. The firm’s 50-day moving average is GBX 160.86 and its 200 day moving average is GBX 151.86.

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.