Central Asia Metals (LON:CAML) Stock Rating Lowered by Royal Bank Of Canada

Central Asia Metals (LON:CAML) was downgraded by investment analysts at Royal Bank Of Canada to a “sector perform” rating in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 200 target price on the mining company’s stock, down from their prior target price of GBX 220. Royal Bank Of Canada’s price target would indicate a potential downside of 4.53% from the company’s previous close.

Other research analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research report on Friday, October 10th. Berenberg Bank restated a “hold” rating and issued a GBX 170 target price on shares of Central Asia Metals in a research note on Monday, January 12th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 price target on shares of Central Asia Metals in a report on Thursday, October 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Central Asia Metals presently has an average rating of “Hold” and an average target price of GBX 195.

Central Asia Metals Price Performance

CAML stock opened at GBX 209.50 on Thursday. The firm has a 50 day moving average of GBX 180.57 and a 200-day moving average of GBX 164.22. The firm has a market capitalization of £360.52 million, a P/E ratio of 10.55 and a beta of 1.12. Central Asia Metals has a 12 month low of GBX 134.46 and a 12 month high of GBX 213.50. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling

In other Central Asia Metals news, insider Gavin Ferrar purchased 12,669 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average cost of GBX 158 per share, with a total value of £20,017.02. 9.00% 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.