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

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a report released on Friday, MarketBeat Ratings reports. They currently have a GBX 210 target price on the mining company’s stock. Berenberg Bank’s price objective would suggest a potential upside of 35.31% from the stock’s current price.

A number of other research firms also recently issued reports on CAML. Canaccord Genuity Group raised their target price on Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada cut shares of Central Asia Metals to a “sector perform” rating and decreased their price target for the stock from GBX 220 to GBX 200 in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 205.

Central Asia Metals Stock Performance

Shares of LON CAML traded down GBX 3.60 during mid-day trading on Friday, reaching GBX 155.20. 1,033,331 shares of the company’s stock were exchanged, compared to its average volume of 2,153,538. The firm has a 50-day moving average price of GBX 206.35 and a two-hundred day moving average price of GBX 178.49. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.88 and a quick ratio of 1.97. The firm has a market capitalization of £264.71 million, a price-to-earnings ratio of 7.81 and a beta of 1.09. Central Asia Metals has a 52 week low of GBX 134.46 and a 52 week high of GBX 244.

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.