Central Asia Metals (LON:CAML) Earns “Buy” Rating from Berenberg Bank

Central Asia Metals (LON:CAMLGet Rating)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 340 ($4.33) target price on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 24.77% from the stock’s current price.

A number of other equities research analysts have also recently commented on CAML. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 265 ($3.38) price target on shares of Central Asia Metals in a report on Tuesday, April 5th. Canaccord Genuity Group lifted their price target on Central Asia Metals from GBX 295 ($3.76) to GBX 310 ($3.95) and gave the stock a “buy” rating in a report on Tuesday.

Shares of LON:CAML opened at GBX 272.50 ($3.47) on Tuesday. The company has a fifty day moving average of GBX 238.79 and a 200-day moving average of GBX 236.98. The company has a debt-to-equity ratio of 8.21, a quick ratio of 1.17 and a current ratio of 1.50. Central Asia Metals has a 52-week low of GBX 187.47 ($2.39) and a 52-week high of GBX 386 ($4.92). The company has a market capitalization of £479.67 million and a PE ratio of 7.67.

Central Asia Metals Company Profile (Get Rating)

Central Asia Metals plc, together with its subsidiaries, is a base metals producer. It produces copper through its 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan; and produces zinc and lead at its Sasa mine located in north eastern Macedonia.

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