Central Asia Metals (LON:CAML) Earns Hold Rating from Berenberg Bank

Central Asia Metals (LON:CAML)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 210 price target on the mining company’s stock. Berenberg Bank’s price objective suggests a potential upside of 36.17% from the company’s previous close.

Several other brokerages have also issued reports on CAML. Royal Bank Of Canada lowered Central Asia Metals to a “sector perform” rating and decreased their target price for the stock from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. Canaccord Genuity Group lifted their price target on Central Asia Metals from GBX 175 to GBX 205 and gave the company a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 205.

Central Asia Metals Stock Performance

Shares of CAML opened at GBX 154.22 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 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 244. The company has a 50-day simple moving average of GBX 205.67 and a two-hundred day simple moving average of GBX 178.42. The firm has a market capitalization of £263.04 million, a PE ratio of 7.77 and a beta of 1.09.

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.