Central Asia Metals (LON:CAML) Rating Lowered to Hold at Berenberg Bank

Central Asia Metals (LON:CAML – Get Free Report) was downgraded by research analysts at Berenberg Bank to a “hold” rating in a research note issued on Thursday,Digital Look reports. They presently have a GBX 190 price objective on the mining company’s stock. Berenberg Bank’s price objective points to a potential upside of 9.12% from the stock’s current price.

A number of other brokerages have also commented on CAML. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research note on Tuesday, August 11th. Peel Hunt restated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 181.25.

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Central Asia Metals Price Performance

Shares of CAML opened at GBX 174.12 on Thursday. The firm has a market capitalization of £296.72 million, a PE ratio of -4.09 and a beta of 1.19. The company’s 50-day moving average is GBX 142.80 and its 200-day moving average is GBX 159.86. Central Asia Metals has a fifty-two week low of GBX 125.27 and a fifty-two week high of GBX 244. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.92 and a quick ratio of 1.97.

Insider Buying and Selling at Central Asia Metals

In other Central Asia Metals news, insider Alison Baker bought 7,545 shares of Central Asia Metals stock in a transaction dated Monday, June 8th. The stock was bought at an average price of GBX 133 per share, with a total value of £10,034.85. Corporate 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.

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