Central Asia Metals’ (CAML) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Central Asia Metals (LON:CAML) in a research note published on Tuesday,Digital Look reports. Royal Bank Of Canada currently has a GBX 170 price target on the mining company’s stock.

Several other research analysts have also commented on CAML. Berenberg Bank reissued a “buy” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Thursday, July 9th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group dropped their target price on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research report on Friday, April 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 181.25.

Central Asia Metals Price Performance

Central Asia Metals stock opened at GBX 146 on Tuesday. The stock has a market cap of £248.79 million, a price-to-earnings ratio of -3.43 and a beta of 1.19. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of GBX 139.09 and a 200 day simple moving average of GBX 164.03. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244.

Insiders Place Their Bets

In other news, insider Alison Baker purchased 7,545 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average price of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is owned by insiders.

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.