Central Asia Metals (LON:CAML) Cut to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Central Asia Metals (LON:CAML) to a hold rating in a report released on Thursday morning,Digital Look reports. Berenberg Bank currently has GBX 190 target price on the mining company’s stock.

Several other equities analysts have also recently commented on CAML. Peel Hunt restated a “buy” rating and issued a GBX 205 target price on shares of Central Asia Metals in a research report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. One equities 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.com, Central Asia Metals presently has a consensus rating of “Hold” and a consensus target price of GBX 181.25.

Central Asia Metals Trading Up 2.1%

CAML stock opened at GBX 178 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41. The company’s 50-day simple moving average is GBX 144.54 and its 200 day simple moving average is GBX 159.65. Central Asia Metals has a 52 week low of GBX 125.27 and a 52 week high of GBX 244. The company has a market capitalization of £303.32 million, a PE ratio of -4.18 and a beta of 1.19.

Insider Activity at Central Asia Metals

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