Central Asia Metals (LON:CAML) Given Sector perform Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “sector perform” rating on Central Asia Metals and set a GBX 170 price target, implying 11.76% upside from the previous close.
• Analyst sentiment remains moderately positive: two analysts rate the stock “buy” and two “hold,” producing a consensus price target of GBX 181.25.
• Shares opened at GBX 152.12, while insider Alison Baker purchased 7,545 shares at GBX 133 each; insiders own 8.57% of the company.

Central Asia Metals (LON:CAML - Get Free Report)'s stock had its "sector perform" rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 170 price target on the mining company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 11.76% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reaffirmed a "buy" rating and issued a GBX 205 price target on shares of Central Asia Metals in a research report on Wednesday, August 5th. Canaccord Genuity Group cut their price objective on shares of Central Asia Metals from GBX 165 to GBX 160 and set a "hold" rating on the stock in a report on Friday, April 17th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 190 price objective on shares of Central Asia Metals in a research note on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 181.25.

Central Asia Metals Stock Up 0.1%

Shares of Central Asia Metals stock opened at GBX 152.12 on Tuesday. 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 1 year low of GBX 125.27 and a 1 year high of GBX 244. The firm's 50-day moving average is GBX 138.93 and its two-hundred day moving average is GBX 165.24. The stock has a market cap of £259.22 million, a price-to-earnings ratio of -3.57 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Alison Baker bought 7,545 shares of the stock in a transaction on Monday, June 8th. The stock was bought at an average cost of GBX 133 per share, for a total transaction of £10,034.85. 8.57% of the stock is owned by 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.

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