Central Asia Metals (LON:CAML) Earns “Sector perform” Rating from Royal Bank Of Canada

Central Asia Metals (LON:CAML)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Tuesday,Digital Look reports. They presently have a GBX 170 target price on the mining company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.76% from the stock’s current price.

A number of other research analysts have also recently issued reports on CAML. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a report on Wednesday, August 5th. Berenberg Bank reissued a “buy” rating and set a GBX 190 price objective on shares of Central Asia Metals in a report on Thursday, July 9th. Finally, Canaccord Genuity Group reduced their target price on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 181.25.

Central Asia Metals Stock Performance

Shares of Central Asia Metals stock opened at GBX 152.12 on Tuesday. The firm has a market capitalization of £259.22 million, a P/E ratio of -3.57 and a beta of 1.18. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average price of GBX 138.93 and a 200 day moving average price of GBX 165.24. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244.

Insider Buying and Selling

In related news, insider Alison Baker bought 7,545 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of GBX 133 per share, with a total value of £10,034.85. 8.57% of the stock is currently owned by company insiders.

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.