Central Asia Metals (LON:CAML) Earns Hold Rating from Berenberg Bank
by Amy Steele · The Cerbat GemCentral Asia Metals (LON:CAML – Get Free Report)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a research report issued on Friday,Digital Look reports. They currently have a GBX 190 price target on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 21.48% from the stock’s current price.
Several other brokerages have also recently issued reports on CAML. Canaccord Genuity Group decreased their price objective on Central Asia Metals from GBX 205 to GBX 165 and set a “hold” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada cut Central Asia Metals to a “sector perform” rating and decreased their price objective for the company from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 190.
Get Our Latest Stock Report on CAML
Central Asia Metals Stock Up 2.2%
Shares of CAML traded up GBX 3.40 during midday trading on Friday, hitting GBX 156.40. The company had a trading volume of 1,610,960 shares, compared to its average volume of 1,848,619. The company’s 50-day simple moving average is GBX 186.34 and its 200-day simple moving average is GBX 179.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The firm has a market capitalization of £266.52 million, a P/E ratio of -3.67 and a beta of 1.09. Central Asia Metals has a 1 year low of GBX 139.20 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.