Central Asia Metals (LON:CAML) Sets New 52-Week High – Time to Buy?

Central Asia Metals plc (LON:CAML) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 192.60 and last traded at GBX 191.60, with a volume of 28905805 shares changing hands. The stock had previously closed at GBX 185.80.

Analysts Set New Price Targets

CAML has been the subject of several research reports. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 price target 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 research note on Wednesday, October 8th. Finally, Peel Hunt restated a “buy” rating and set a GBX 205 target price on shares of Central Asia Metals in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Central Asia Metals has a consensus rating of “Moderate Buy” and a consensus price target of GBX 185.

Central Asia Metals Price Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The company has a market cap of £330.08 million, a price-to-earnings ratio of 9.65 and a beta of 1.12. The stock’s 50-day simple moving average is GBX 165.73 and its 200 day simple moving average is GBX 159.59.

Insiders Place Their Bets

In other news, insider Gavin Ferrar bought 12,669 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were bought at an average price of GBX 158 per share, with a total value of £20,017.02. Company insiders own 9.00% of the company’s stock.

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.