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

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a report released on Thursday, October 8th, Marketbeat reports. They presently have a GBX 190 target price on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 30.49% from the company’s current price.

Several other research analysts have also commented on the company. Canaccord Genuity Group reissued a “hold” rating and set a GBX 160 price objective on shares of Central Asia Metals in a report on Wednesday, October 7th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 170 target price on shares of Central Asia Metals in a report on Tuesday, August 11th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 181.25.

Central Asia Metals Stock Performance

Shares of LON CAML traded up GBX 0.80 during mid-day trading on Thursday, hitting GBX 145.60. The company had a trading volume of 28,178,650 shares, compared to its average volume of 2,010,377. 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 £248.11 million, a price-to-earnings ratio of -5.71 and a beta of 1.21. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is GBX 161.13 and its 200-day moving average price is GBX 151.60.

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.