Central Asia Metals (LON:CAML) Trading Up 8.5% – Still a Buy?

Central Asia Metals plc (LON:CAMLGet Free Report) was up 8.5% during trading on Wednesday . The stock traded as high as GBX 185.20 and last traded at GBX 181.80. Approximately 4,819,152 shares were traded during trading, an increase of 149% from the average daily volume of 1,937,685 shares. The stock had previously closed at GBX 167.60.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price target on shares of Central Asia Metals in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 205 price objective on shares of Central Asia Metals in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 181.25.

Get Our Latest Stock Report on CAML

Central Asia Metals Price Performance

The business has a fifty day moving average of GBX 141.87 and a two-hundred day moving average of GBX 160.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The firm has a market capitalization of £309.80 million, a price-to-earnings ratio of -4.27 and a beta of 1.19.

Insider Activity at Central Asia Metals

In related news, insider Alison Baker bought 7,545 shares of Central Asia Metals stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of GBX 133 per share, with a total value of £10,034.85. Insiders own 8.57% of the company’s stock.

Central Asia Metals Company Profile

(Get Free Report)

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.

Further Reading

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