Central Asia Metals (LON:CAML) Stock Rating Reaffirmed as Hold by Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat reports. They currently have a GBX 190 price target on the mining company’s stock. Berenberg Bank’s price target indicates a potential upside of 23.54% from the company’s previous close.

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

Central Asia Metals Stock Performance

Shares of CAML stock opened at GBX 153.80 on Thursday. Central Asia Metals has a 12-month low of GBX 125.27 and a 12-month high of GBX 244. The firm has a market capitalization of £262.09 million, a price-to-earnings ratio of -6.03 and a beta of 1.21. The business has a 50 day simple moving average of GBX 160.99 and a 200 day simple moving average of GBX 151.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97.

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.