Central Asia Metals (LON:CAML) Hits New 12-Month High – Should You Buy?

Central Asia Metals plc (LON:CAML)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 234.50 and last traded at GBX 234.50, with a volume of 648174 shares traded. The stock had previously closed at GBX 231.50.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CAML shares. Royal Bank Of Canada cut shares of Central Asia Metals to a “sector perform” rating and cut their price objective for the stock from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Berenberg Bank reissued a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research report on Monday, January 12th. Finally, Canaccord Genuity Group upped their price target on Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 195.

Central Asia Metals Trading Down 2.5%

The stock’s fifty day moving average price is GBX 207.09 and its 200 day moving average price is GBX 176.30. 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 stock has a market cap of £402.36 million, a PE ratio of 11.86 and a beta of 1.12.

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.