Central Asia Metals (LON:CAML) Earns “Buy” Rating from Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 190 target price on the mining company’s stock. Berenberg Bank’s price target indicates a potential upside of 38.93% from the stock’s current price.

Separately, Canaccord Genuity Group lowered their target price on shares of Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 188.75.

Central Asia Metals Trading Up 5.5%

LON:CAML opened at GBX 136.76 on Thursday. Central Asia Metals has a one year low of GBX 125.27 and a one year high of GBX 244. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97. The company’s 50-day simple moving average is GBX 143.05 and its 200 day simple moving average is GBX 172.69. The firm has a market capitalization of £233.05 million, a P/E ratio of -3.21 and a beta of 1.18.

Insider Buying and Selling at Central Asia Metals

In related news, insider Alison Baker purchased 7,545 shares of Central Asia Metals stock in a transaction dated 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.

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.