Central Asia Metals (LON:CAML) Sets New 1-Year High – Here’s What Happened
by Scott Moore · The Cerbat GemCentral Asia Metals plc (LON:CAML – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 192.60 and last traded at GBX 191.60, with a volume of 28905805 shares. The stock had previously closed at GBX 185.80.
Analysts Set New Price Targets
A number of research analysts have weighed in on CAML shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 price target on shares of Central Asia Metals in a research note on Wednesday, October 8th. Peel Hunt reissued a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research report on Friday, October 10th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 175 price objective on shares of Central Asia Metals in a research report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 185.
Get Our Latest Analysis on Central Asia Metals
Central Asia Metals Price Performance
The company’s fifty day moving average is GBX 167.34 and its 200 day moving average is GBX 159.95. The firm has a market cap of £323.87 million, a price-to-earnings ratio of 9.47 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55.
Insider Activity at Central Asia Metals
In related news, insider Gavin Ferrar acquired 12,669 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of GBX 158 per share, for a total transaction of £20,017.02. 9.00% 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. 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.