Central Asia Metals’ (CAML) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Central Asia Metals (LON:CAML) in a report issued on Friday, MarketBeat.com reports. They currently have a GBX 210 price target on the mining company’s stock.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada downgraded shares of Central Asia Metals to a “sector perform” rating and lowered their target price for the stock from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Canaccord Genuity Group lifted their price target on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 205.

Central Asia Metals Trading Down 2.9%

CAML stock opened at GBX 154.22 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97. Central Asia Metals has a 1-year low of GBX 134.46 and a 1-year high of GBX 244. The business has a 50 day simple moving average of GBX 205.67 and a two-hundred day simple moving average of GBX 178.44. The company has a market capitalization of £263.04 million, a price-to-earnings ratio of 7.77 and a beta of 1.09.

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.