Berenberg Bank Has Lowered Expectations for Central Asia Metals (LON:CAML) Stock Price

Central Asia Metals (LON:CAML) had its price objective cut by Berenberg Bank from GBX 230 ($3.14) to GBX 190 ($2.59) in a research note released on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the mining company’s stock.

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 175 ($2.39) target price on shares of Central Asia Metals in a report on Wednesday, May 21st.

Central Asia Metals Stock Up 1.6%

Shares of CAML opened at GBX 164.24 ($2.24) on Thursday. The company has a market cap of £372.50 million, a P/E ratio of 9.69 and a beta of 1.12. 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 one year low of GBX 134.46 ($1.84) and a one year high of GBX 215 ($2.94). The firm has a 50 day simple moving average of GBX 158.72 and a two-hundred day simple moving average of GBX 157.15.

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.