Central Asia Metals (LON:CAML) Price Target Lowered to GBX 230 at Berenberg Bank

Central Asia Metals (LON:CAML) had its price target decreased by research analysts at Berenberg Bank from GBX 240 ($3.07) to GBX 230 ($2.95) in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target suggests a potential upside of 15.00% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 215 ($2.75) target price on shares of Central Asia Metals in a report on Thursday.

Central Asia Metals Price Performance

Shares of CAML opened at GBX 200 ($2.56) on Thursday. Central Asia Metals has a 12-month low of GBX 150.60 ($1.93) and a 12-month high of GBX 235 ($3.01). The business’s fifty day moving average is GBX 210.91 and its 200 day moving average is GBX 190.30. The company has a quick ratio of 1.97, a current ratio of 4.44 and a debt-to-equity ratio of 0.48. The stock has a market cap of £347.94 million, a P/E ratio of 1,333.33 and a beta of 1.11.

About Central Asia Metals

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.