Central Asia Metals (LON:CAML) Reaches New 52-Week High – Should You Buy?

Central Asia Metals plc (LON:CAML) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 187.62 and last traded at GBX 185.20, with a volume of 212050 shares trading hands. The stock had previously closed at GBX 185.20.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 175 price target on shares of Central Asia Metals in a research note on Thursday, October 16th. Peel Hunt restated a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a report on Friday, October 10th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 185.

Central Asia Metals Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The business has a 50 day simple moving average of GBX 163.32 and a 200 day simple moving average of GBX 159.14. The stock has a market cap of £319.05 million, a PE ratio of 9.33 and a beta of 1.12.

Insider Buying and Selling at Central Asia Metals

In other news, insider Gavin Ferrar bought 12,669 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of GBX 158 per share, with a total value of £20,017.02. Insiders own 9.00% of the company’s stock.

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.