Royal Bank Of Canada Issues Pessimistic Forecast for Central Asia Metals (LON:CAML) Stock Price

Central Asia Metals (LON:CAML) had its target price lowered by stock analysts at Royal Bank Of Canada from GBX 200 ($2.69) to GBX 190 ($2.55) in a research note issued on Wednesday, Marketbeat reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 36.30% from the company’s current price.

Several other research firms also recently commented on CAML. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 175 ($2.35) price objective on shares of Central Asia Metals in a research note on Wednesday, May 21st. Berenberg Bank cut their price target on Central Asia Metals from GBX 230 ($3.09) to GBX 190 ($2.55) and set a “buy” rating for the company in a research note on Thursday, July 3rd.

Central Asia Metals Trading Down 0.9%

CAML opened at GBX 139.40 ($1.87) on Wednesday. The company has a market cap of £316.16 million, a P/E ratio of 8.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. Central Asia Metals has a one year low of GBX 134.46 ($1.81) and a one year high of GBX 205.50 ($2.76). The business’s 50-day simple moving average is GBX 158.25 and its 200-day simple moving average is GBX 156.86.

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.