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 released on Monday, MarketBeat reports. The firm currently has a GBX 170 target price on the mining company’s stock.

A number of other brokerages have also recently issued reports on CAML. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 target price on shares of Central Asia Metals in a report on Thursday, October 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 185.

Central Asia Metals Stock Performance

Shares of CAML opened at GBX 197.40 on Monday. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. Central Asia Metals has a 52-week low of GBX 134.46 and a 52-week high of GBX 199.80. The company has a 50-day simple moving average of GBX 174.39 and a 200-day simple moving average of GBX 162.16. The company has a market capitalization of £339.70 million, a PE ratio of 9.94 and a beta of 1.12.

Insiders Place Their Bets

In other news, insider Gavin Ferrar bought 12,669 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of GBX 158 per share, with a total value of £20,017.02. Insiders own 9.00% of the company’s stock.

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.