Central Asia Metals (LON:CAML) Reaches New 52-Week High – What’s Next?

Central Asia Metals plc (LON:CAML)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 194.80 and last traded at GBX 193.80, with a volume of 1195791 shares changing hands. The stock had previously closed at GBX 188.80.

Analysts Set New Price Targets

CAML has been the topic of several recent research reports. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a report on Wednesday, October 8th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a report on Friday, October 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 185.

Central Asia Metals Price Performance

The stock has a fifty day moving average of GBX 171.32 and a two-hundred day moving average of GBX 161.14. The stock has a market capitalization of £323.53 million, a price-to-earnings ratio of 9.47 and a beta of 1.12. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling at Central Asia Metals

In other Central Asia Metals news, insider Gavin Ferrar bought 12,669 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of GBX 158 per share, for a total transaction of £20,017.02. Company insiders own 9.00% of the company’s stock.

About Central Asia Metals

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.