Berenberg Bank Lowers Central Asia Metals (LON:CAML) Price Target to GBX 190

Central Asia Metals (LON:CAML) had its price target reduced by equities researchers at Berenberg Bank from GBX 200 ($2.56) to GBX 190 ($2.43) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the mining company’s stock. Berenberg Bank’s price objective suggests a potential upside of 30.67% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “hold” rating and set a GBX 175 ($2.24) price objective on shares of Central Asia Metals in a report on Thursday, March 20th.

Central Asia Metals Price Performance

Central Asia Metals stock opened at GBX 145.40 ($1.86) on Tuesday. The stock’s fifty day moving average price is GBX 156.45 and its two-hundred day moving average price is GBX 163.99. The firm has a market cap of £329.76 million, a PE ratio of 8.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. Central Asia Metals has a one year low of GBX 134.46 ($1.72) and a one year high of GBX 235 ($3.00).

Insider Buying and Selling

In related news, insider Gavin Ferrar sold 3,112 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 172 ($2.20), for a total transaction of £5,352.64 ($6,839.56). 6.90% of the stock is owned by insiders.

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.