Royal Bank of Canada Reiterates Sector Perform Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAMLGet Rating)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Wednesday, Marketbeat reports. They currently have a GBX 265 ($3.31) price objective on the mining company’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 1.74% from the stock’s current price.

Other analysts have also issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 340 ($4.25) price objective on shares of Central Asia Metals in a research report on Tuesday, April 26th. Canaccord Genuity Group boosted their price target on shares of Central Asia Metals from GBX 295 ($3.69) to GBX 310 ($3.87) and gave the stock a “buy” rating in a research report on Tuesday, April 26th.

LON CAML opened at GBX 269.69 ($3.37) on Wednesday. Central Asia Metals has a 52 week low of GBX 187.47 ($2.34) and a 52 week high of GBX 386 ($4.82). The company has a debt-to-equity ratio of 8.21, a quick ratio of 1.17 and a current ratio of 1.50. The stock’s 50 day moving average price is GBX 243.01 and its two-hundred day moving average price is GBX 238.67. The stock has a market capitalization of £474.72 million and a price-to-earnings ratio of 7.32.

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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