Central Asia Metals (LON:CAML) Lowered to “Hold” Rating by Berenberg Bank

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

Several other brokerages have also recently commented on CAML. Peel Hunt reissued a “buy” rating and set a GBX 205 price target on shares of Central Asia Metals in a research report on Wednesday, August 5th. 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 181.25.

Central Asia Metals Trading Down 4.2%

Central Asia Metals stock opened at GBX 174.12 on Thursday. The company has a market cap of £296.72 million, a price-to-earnings ratio of -4.09 and a beta of 1.19. The firm has a 50-day moving average of GBX 142.80 and a 200-day moving average of GBX 159.86. 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 125.27 and a one year high of GBX 244.

Insider Activity at Central Asia Metals

In other news, insider Alison Baker bought 7,545 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of GBX 133 per share, with a total value of £10,034.85. 8.57% of the stock is currently owned by company insiders.

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.