Central Asia Metals (LON:CAML) Price Target Lowered to GBX 190 at Berenberg Bank

Central Asia Metals (LON:CAML) had its price objective cut by analysts at Berenberg Bank from GBX 200 ($2.56) to GBX 190 ($2.43) in a report released on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 29.96% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 175 ($2.24) price objective on shares of Central Asia Metals in a research note on Thursday, March 20th.

Central Asia Metals Trading Down 2.4 %

LON CAML traded down GBX 3.60 ($0.05) during mid-day trading on Tuesday, reaching GBX 146.20 ($1.87). 489,017 shares of the stock were exchanged, compared to its average volume of 607,228. The stock has a market cap of £331.58 million, a P/E ratio of 8.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. Central Asia Metals has a one year low of GBX 134.46 ($1.72) and a one year high of GBX 235 ($3.00). The stock has a 50 day simple moving average of GBX 156.70 and a 200-day simple moving average of GBX 164.70.

Insiders Place Their Bets

In other news, insider Gavin Ferrar sold 3,112 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 172 ($2.20), for a total transaction of £5,352.64 ($6,839.56). Corporate insiders own 6.90% of the company’s stock.

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.