Berenberg Bank Reiterates Hold Rating for Central Asia Metals (LON:CAML)

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Friday,Digital Look reports. They presently have a GBX 190 target price on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 21.33% from the company’s current price.

Several other equities analysts have also issued reports on CAML. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and reduced their target price for the company from GBX 220 to GBX 200 in a report on Thursday, January 22nd. Canaccord Genuity Group reduced their target price on Central Asia Metals from GBX 205 to GBX 165 and set a “hold” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Central Asia Metals presently has an average rating of “Hold” and an average price target of GBX 188.75.

Central Asia Metals Stock Performance

CAML stock opened at GBX 156.60 on Friday. The firm has a market cap of £266.86 million, a PE ratio of -3.68 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of GBX 185.02 and a 200-day moving average of GBX 179.27. Central Asia Metals has a 12-month low of GBX 139.20 and a 12-month high of GBX 244.

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.