Central Asia Metals (LON:CAML) Earns Buy Rating from Peel Hunt

Central Asia Metals (LON:CAML)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 205 target price on the mining company’s stock. Peel Hunt’s price target would indicate a potential upside of 38.14% from the stock’s current price.

A number of other brokerages have also recently issued reports on CAML. Berenberg Bank reiterated a “buy” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Thursday, July 9th. Canaccord Genuity Group lowered their target price on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating on the stock in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 188.75.

Central Asia Metals Stock Up 0.3%

CAML stock traded up GBX 0.40 during midday trading on Wednesday, reaching GBX 148.40. 463,508 shares of the company’s stock traded hands, compared to its average volume of 2,000,707. 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 firm’s fifty day moving average price is GBX 139.21 and its 200-day moving average price is GBX 166.65. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244. The company has a market cap of £252.88 million, a price-to-earnings ratio of -3.49 and a beta of 1.18.

Insider Buying and Selling

In related news, insider Alison Baker acquired 7,545 shares of the company’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of GBX 133 per share, for a total transaction of £10,034.85. Insiders own 8.57% of the company’s stock.

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.