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

Key Points

• Berenberg Bank reiterated a “hold” rating on Central Asia Metals and set a GBX 190 price target, implying 23.73% potential upside from the current price.
• Analyst sentiment remains mixed but leans toward “hold”: one analyst rates the stock a buy and three rate it a hold, producing a consensus target of GBX 181.25.
• Central Asia Metals shares opened at GBX 153.56, while the company has a £261.68 million market capitalization and operates copper, zinc and lead assets in Kazakhstan and North Macedonia.

Central Asia Metals (LON:CAML - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 190 target price on the mining company's stock. Berenberg Bank's price target indicates a potential upside of 23.73% from the stock's current price.

A number of other research firms have also issued reports on CAML. Peel Hunt reissued a "buy" rating and set a GBX 205 target price on shares of Central Asia Metals in a research note on Wednesday, August 5th. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 160 price objective on shares of Central Asia Metals in a research report on Wednesday. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 170 target price on shares of Central Asia Metals in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Central Asia Metals presently has an average rating of "Hold" and a consensus price target of GBX 181.25.

Central Asia Metals Stock Up 2.4%

Central Asia Metals stock opened at GBX 153.56 on Thursday. The company has a 50-day simple moving average of GBX 160.77 and a 200-day simple moving average of GBX 151.87. The firm has a market capitalization of £261.68 million, a P/E ratio of -6.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.97 and a current ratio of 3.41. Central Asia Metals has a one year low of GBX 125.27 and a one year high of GBX 244.

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.

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