Central Asia Metals (LON:CAML) Price Target Raised to GBX 205

Central Asia Metals (LON:CAML) had its price objective lifted by Canaccord Genuity Group from GBX 175 to GBX 205 in a research report released on Friday, MarketBeat reports. They currently have a hold rating on the mining company’s stock.

A number of other equities research analysts have also commented on CAML. Berenberg Bank restated a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a report on Monday, January 12th. Royal Bank Of Canada downgraded Central Asia Metals to a “sector perform” rating and dropped their price target for the company from GBX 220 to GBX 200 in a research note on Thursday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 195.

Central Asia Metals Stock Performance

Shares of CAML stock opened at GBX 209.50 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. Central Asia Metals has a 52 week low of GBX 134.46 and a 52 week high of GBX 213.50. The company’s 50 day moving average price is GBX 180.57 and its two-hundred day moving average price is GBX 164.26. The company has a market capitalization of £360.52 million, a P/E ratio of 10.55 and a beta of 1.12.

Insider Activity at Central Asia Metals

In related news, insider Gavin Ferrar purchased 12,669 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of GBX 158 per share, for a total transaction of £20,017.02. 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.