Central Asia Metals (LON:CAML) Earns “Hold” Rating from Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report released on Friday, Marketbeat Ratings reports. They presently have a GBX 210 target price on the mining company’s stock. Berenberg Bank’s price target would indicate a potential upside of 35.31% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group lifted their target price on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada cut shares of Central Asia Metals to a “sector perform” rating and cut their price target for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Central Asia Metals presently has a consensus rating of “Hold” and an average target price of GBX 205.

Central Asia Metals Stock Down 2.3%

Shares of LON:CAML traded down GBX 3.60 on Friday, hitting GBX 155.20. 1,033,331 shares of the company traded hands, compared to its average volume of 2,153,538. The stock has a 50 day simple moving average of GBX 206.35 and a 200-day simple moving average of GBX 178.49. The company has a quick ratio of 1.97, a current ratio of 1.88 and a debt-to-equity ratio of 2.15. The company has a market cap of £264.71 million, a PE ratio of 7.81 and a beta of 1.09. Central Asia Metals has a 52 week low of GBX 134.46 and a 52 week high of GBX 244.

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.