Central Asia Metals (LON:CAML) Hits New 52-Week High After Analyst Upgrade

Central Asia Metals plc (LON:CAML) reached a new 52-week high during trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 175 to GBX 205. Canaccord Genuity Group currently has a hold rating on the stock. Central Asia Metals traded as high as GBX 219.50 and last traded at GBX 218, with a volume of 1480046 shares. The stock had previously closed at GBX 209.50.

A number of other analysts also recently issued reports on the company. Berenberg Bank reissued a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research report on Monday, January 12th. Peel Hunt reiterated a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research report on Friday, October 10th. Finally, Royal Bank Of Canada downgraded shares of Central Asia Metals to a “sector perform” rating and reduced their price target for the company from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 195.

Insider Buying and Selling

In other news, insider Gavin Ferrar bought 12,669 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of GBX 158 per share, with a total value of £20,017.02. 9.00% of the stock is owned by company insiders.

Central Asia Metals Stock Up 4.1%

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The company has a market cap of £375.15 million, a PE ratio of 10.98 and a beta of 1.12. The business’s 50 day moving average is GBX 181.72 and its 200-day moving average is GBX 164.74.

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. 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.