Central Asia Metals (LON:CAML) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Central Asia Metals (LON:CAML) to a sector perform rating in a report published on Thursday morning, MarketBeat Ratings reports. The firm currently has GBX 200 price objective on the mining company’s stock, down from their prior price objective of GBX 220.

A number of other analysts have also commented on CAML. Peel Hunt restated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research note on Friday, October 10th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Central Asia Metals presently has a consensus rating of “Hold” and a consensus target price of GBX 195.

Central Asia Metals Stock Performance

Shares of Central Asia Metals stock opened at GBX 209.50 on Thursday. 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 one year low of GBX 134.46 and a one year high of GBX 213.50. The business’s 50 day moving average price is GBX 180.57 and its 200 day moving average price is GBX 164.24. The company has a market cap of £360.52 million, a price-to-earnings ratio of 10.55 and a beta of 1.12.

Insider Buying and Selling

In other news, insider Gavin Ferrar bought 12,669 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were purchased 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.