Central Asia Metals (LON:CAML) Lowered to Sector perform Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Central Asia Metals (LON:CAML) to a sector perform rating in a research note published on Thursday, MarketBeat Ratings reports. Royal Bank Of Canada currently has GBX 200 price objective on the mining company’s stock, down from their previous price objective of GBX 220.

A number of other research analysts have also commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Friday, October 10th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 187.50.

Central Asia Metals Price Performance

LON:CAML opened at GBX 203.50 on Thursday. 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 and a one year high of GBX 213.50. The company has a fifty day moving average price of GBX 179.62 and a 200 day moving average price of GBX 163.89. The stock has a market cap of £350.20 million, a P/E ratio of 10.25 and a beta of 1.12.

Insiders Place Their Bets

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