Central Asia Metals’ (CAML) Hold Rating Reaffirmed at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 190 price objective on the mining company’s stock. Berenberg Bank’s target price suggests a potential upside of 23.54% from the stock’s current price.

Several other research firms have also recently commented on CAML. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 160 price objective on shares of Central Asia Metals in a research report on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 181.25.

Central Asia Metals Trading Up 1.7%

CAML opened at GBX 153.80 on Thursday. Central Asia Metals has a 1-year low of GBX 125.27 and a 1-year high of GBX 244. The firm has a 50-day moving average price of GBX 160.99 and a two-hundred day moving average price of GBX 151.87. The stock has a market capitalization of £262.09 million, a PE ratio of -6.03 and a beta of 1.21. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62.

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.