Berenberg Bank Lowers Central Asia Metals (LON:CAML) Price Target to GBX 190

Central Asia Metals (LON:CAML) had its target price reduced by Berenberg Bank from GBX 200 ($2.56) to GBX 190 ($2.43) in a research note released on Tuesday, MarketBeat.com reports. They currently have a hold rating on the mining company’s stock.

Separately, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 ($2.24) target price on shares of Central Asia Metals in a research report on Thursday, March 20th.

Central Asia Metals Price Performance

CAML stock traded down GBX 3 ($0.04) during mid-day trading on Tuesday, reaching GBX 146.80 ($1.88). 494,461 shares of the company’s stock were exchanged, compared to its average volume of 607,306. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. Central Asia Metals has a 12-month low of GBX 134.46 ($1.72) and a 12-month high of GBX 235 ($3.00). The stock’s 50 day moving average is GBX 156.70 and its 200 day moving average is GBX 164.70. The company has a market cap of £332.94 million, a price-to-earnings ratio of 8.66 and a beta of 1.12.

Insider Activity at Central Asia Metals

In other news, insider Gavin Ferrar sold 3,112 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of GBX 172 ($2.20), for a total value of £5,352.64 ($6,839.56). 6.90% of the stock is currently owned by corporate insiders.

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.