Central Asia Metals (LON:CAML) Given Hold Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Central Asia Metals (LON:CAML) in a research note published on Monday morning, Marketbeat.com reports. They currently have a GBX 170 price objective on the mining company’s stock.

Several other equities research analysts have also recently issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a report on Friday, October 10th. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Central Asia Metals currently has an average rating of “Moderate Buy” and a consensus price target of GBX 185.

Central Asia Metals Stock Up 1.9%

CAML stock opened at GBX 191.80 on Monday. The stock has a market capitalization of £330.06 million, a P/E ratio of 9.66 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 and a one year high of GBX 194.80. The company has a 50 day moving average price of GBX 172.70 and a two-hundred day moving average price of GBX 161.69.

Insider Buying and Selling at Central Asia Metals

In other news, insider Gavin Ferrar bought 12,669 shares of Central Asia Metals stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of GBX 158 per share, for a total transaction of £20,017.02. Company insiders own 9.00% of the company’s stock.

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes.

CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.