Central Asia Metals (LON:CAML) Stock Price Target Lowered at Berenberg Bank

Key Points

• Berenberg Bank lowered Central Asia Metals’ price target from GBX 190 to GBX 150 while maintaining a “hold” rating, implying approximately 15% upside from the current price.
• Analyst sentiment remains mixed but leans toward “hold”: the consensus rating is “Hold” with a target price of GBX 171.25, compared with one “Buy” and three “Hold” ratings.
• Central Asia Metals shares opened at GBX 130.38 after falling 4.6%; the stock is trading near its one-year low of GBX 125.27 and well below its 50-day and 200-day moving averages.

Central Asia Metals (LON:CAML - Get Free Report) had its price target lowered by research analysts at Berenberg Bank from GBX 190 to GBX 150 in a report released on Friday, Digital Look reports. The brokerage presently has a "hold" rating on the mining company's stock. Berenberg Bank's price target would suggest a potential upside of 15.05% from the company's current price.

A number of other equities analysts also recently commented on CAML. Peel Hunt reiterated a "buy" rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Wednesday, August 5th. Canaccord Genuity Group restated a "hold" rating and issued a GBX 160 target price on shares of Central Asia Metals in a report on Thursday, October 15th. 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 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 171.25.

Central Asia Metals Trading Down 4.6%

Shares of Central Asia Metals stock opened at GBX 130.38 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.41 and a quick ratio of 1.97. The stock's 50 day simple moving average is GBX 158.53 and its 200-day simple moving average is GBX 164.12. The stock has a market cap of £222.18 million, a P/E ratio of -5.11 and a beta of 1.21. Central Asia Metals has a 1-year low of GBX 125.27 and a 1-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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