Berenberg Bank Lowers Central Asia Metals (LON:CAML) Price Target to GBX 180

Central Asia Metals (LON:CAML - Get Free Report) had its price objective reduced by research analysts at Berenberg Bank from GBX 190 ($2.57) to GBX 180 ($2.43) in a note issued to investors on Monday, Marketbeat reports. The firm presently has a "buy" rating on the mining company's stock. Berenberg Bank's target price points to a potential upside of 17.57% from the stock's current price.

A number of other research analysts have also weighed in on CAML. Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 ($2.36) price target on shares of Central Asia Metals in a research note on Wednesday, May 21st. Royal Bank Of Canada reduced their target price on Central Asia Metals from GBX 200 ($2.70) to GBX 190 ($2.57) and set an "outperform" rating on the stock in a research report on Wednesday, July 16th.

Central Asia Metals Price Performance

Shares of Central Asia Metals stock traded down GBX 1.70 ($0.02) on Monday, hitting GBX 153.10 ($2.07). The company's stock had a trading volume of 870,044 shares, compared to its average volume of 613,661. Central Asia Metals has a 52-week low of GBX 134.46 ($1.82) and a 52-week high of GBX 205.50 ($2.78). The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of GBX 157.74 and a 200-day moving average price of GBX 156.60. The company has a market capitalization of £347.23 million, a P/E ratio of 9.03 and a beta of 1.12.

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.