Berenberg Bank Issues Pessimistic Forecast for Central Asia Metals (LON:CAML) Stock Price

Central Asia Metals (LON:CAML - Get Free Report) had its price target cut by equities researchers at Berenberg Bank from GBX 230 ($3.14) to GBX 190 ($2.59) in a research note issued on Thursday, Marketbeat reports. The firm currently has a "buy" rating on the mining company's stock. Berenberg Bank's price objective indicates a potential upside of 16.00% from the company's current price.

Separately, Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 175 ($2.39) price target on shares of Central Asia Metals in a report on Wednesday, May 21st.

Central Asia Metals Trading Down 0.1%

Shares of Central Asia Metals stock traded down GBX 0.20 ($0.00) on Thursday, hitting GBX 163.80 ($2.24). 313,256 shares of the company traded hands, compared to its average volume of 557,876. The stock's 50 day moving average price is GBX 158.93 and its 200-day moving average price is GBX 157.24. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. Central Asia Metals has a 52 week low of GBX 134.46 ($1.84) and a 52 week high of GBX 215 ($2.94). The company has a market cap of £371.50 million, a PE ratio of 9.66 and a beta of 1.12.

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.