Central Asia Metals (LON:CAML) Sets New 12-Month High on Analyst Upgrade

Shares of Central Asia Metals plc (LON:CAML) reached a new 52-week high on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 175 to GBX 205. Canaccord Genuity Group currently has a hold rating on the stock. Central Asia Metals traded as high as GBX 219.50 and last traded at GBX 218, with a volume of 1480046 shares traded. The stock had previously closed at GBX 209.50.

CAML has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 target price on shares of Central Asia Metals in a research note on Monday, January 12th. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and reduced their price objective for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 195.

Insider Activity at Central Asia Metals

In other Central Asia Metals news, insider Gavin Ferrar purchased 12,669 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of GBX 158 per share, for a total transaction of £20,017.02. Insiders own 9.00% of the company’s stock.

Central Asia Metals Price Performance

The stock has a market capitalization of £381.17 million, a P/E ratio of 11.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The firm has a fifty day moving average price of GBX 182.97 and a two-hundred day moving average price of GBX 165.28.

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.