Berenberg Bank Lowers Central Asia Metals (LON:CAML) Price Target to GBX 180

Central Asia Metals (LON:CAML) had its price target reduced by investment analysts at Berenberg Bank from GBX 190 ($2.57) to GBX 180 ($2.43) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 17.65% from the stock’s current price.

CAML has been the subject of a number of other research reports. Canaccord Genuity Group restated a “hold” rating and set a GBX 175 ($2.37) price target on shares of Central Asia Metals in a research note on Wednesday, May 21st. Royal Bank Of Canada cut their price target on shares of Central Asia Metals from GBX 200 ($2.70) to GBX 190 ($2.57) and set an “outperform” rating for the company in a research note on Wednesday, July 16th.

Central Asia Metals Stock Up 2.5%

Shares of CAML opened at GBX 153 ($2.07) on Monday. The stock has a market cap of £347.00 million, a price-to-earnings ratio of 9.03 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. Central Asia Metals has a 12 month low of GBX 134.46 ($1.82) and a 12 month high of GBX 205.50 ($2.78). The company has a 50-day moving average price of GBX 157.97 and a two-hundred day moving average price of GBX 156.74.

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.