Central Asia Metals (LON:CAML) Reaches New 52-Week High – Time to Buy?

by · The Markets Daily

Shares of Central Asia Metals plc (LON:CAML – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 195.60 and last traded at GBX 193.20, with a volume of 1308620 shares traded. The stock had previously closed at GBX 191.80.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAML shares. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Thursday, October 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 price target on shares of Central Asia Metals in a research note on Friday, October 10th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 170 price objective on shares of Central Asia Metals in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 185.

View Our Latest Research Report on CAML

Central Asia Metals Trading Up 0.7%

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 company has a market capitalization of £332.47 million, a P/E ratio of 9.73 and a beta of 1.12. The firm’s 50-day moving average price is GBX 172.70 and its 200 day moving average price is GBX 161.69.

Insider Buying and Selling

In related news, insider Gavin Ferrar acquired 12,669 shares of the stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of GBX 158 per share, with a total value of £20,017.02. Corporate insiders own 9.00% of the company’s stock.

Central Asia Metals Company Profile

(Get Free Report)

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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