Central Asia Metals (LON:CAML) Hits New 1-Year High – What’s Next?

Shares of Central Asia Metals plc (LON:CAML) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 234.50 and last traded at GBX 234.50, with a volume of 648174 shares. The stock had previously closed at GBX 231.50.

Wall Street Analysts Forecast Growth

CAML has been the topic of several analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 target price on shares of Central Asia Metals in a report on Monday, January 12th. Royal Bank Of Canada downgraded shares of Central Asia Metals to a “sector perform” rating and dropped their target price for the stock from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group upped their target price on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 195.

Central Asia Metals Price Performance

The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The business’s 50-day simple moving average is GBX 203.59 and its two-hundred day simple moving average is GBX 174.89. The firm has a market cap of £400.65 million, a price-to-earnings ratio of 11.81 and a beta of 1.12.

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.