Central Asia Metals’ (CAML) “Buy” Rating Reiterated at Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They presently have a GBX 190 price objective on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 40.12% from the company’s current price.

Separately, Canaccord Genuity Group cut their price target on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 188.75.

Central Asia Metals Trading Up 0.3%

Shares of CAML stock opened at GBX 135.60 on Thursday. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The stock has a market cap of £231.07 million, a P/E ratio of -3.19 and a beta of 1.18. The stock has a 50 day simple moving average of GBX 150.01 and a 200 day simple moving average of GBX 177.09. Central Asia Metals has a 1 year low of GBX 128.60 and a 1 year high of GBX 244.

Insiders Place Their Bets

In other Central Asia Metals news, insider Alison Baker bought 7,545 shares of the business’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is owned by insiders.

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.