Central Asia Metals (LON:CAML) Stock Price Target Lowered at Berenberg Bank

Central Asia Metals (LON:CAML) had its target price lowered by analysts at Berenberg Bank from GBX 190 to GBX 150 in a research report issued on Friday, Digital Look reports. The firm currently has a “hold” rating on the mining company’s stock. Berenberg Bank‘s price objective would suggest a potential upside of 15.05% from the stock’s previous close.

Several other brokerages have also 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. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 160 price target on shares of Central Asia Metals in a research note on Thursday, October 15th. Finally, 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 171.25.

Central Asia Metals Stock Down 4.6%

Shares of CAML opened at GBX 130.38 on Friday. The firm has a market cap of £222.18 million, a P/E ratio of -5.11 and a beta of 1.21. Central Asia Metals has a 12-month low of GBX 125.27 and a 12-month high of GBX 244. The company’s 50-day moving average price is GBX 158.53 and its 200 day moving average price is GBX 164.12. 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.