Central Asia Metals (LON:CAML) Earns Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Central Asia Metals (LON:CAML) in a research note released on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 230 ($3.01) price target on the mining company’s stock.

Separately, Canaccord Genuity Group reissued a hold rating and issued a GBX 215 ($2.81) price target on shares of Central Asia Metals in a report on Thursday, July 11th.

Central Asia Metals Stock Up 3.9 %

Shares of LON CAML opened at GBX 184.60 ($2.41) on Tuesday. Central Asia Metals has a 52-week low of GBX 150.60 ($1.97) and a 52-week high of GBX 235 ($3.07). The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 4.44. The stock has a market cap of £321.15 million, a P/E ratio of 1,153.75 and a beta of 1.12. The firm has a 50 day moving average price of GBX 190.86 and a 200 day moving average price of GBX 196.95.

Central Asia Metals Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Thursday, September 26th will be given a dividend of GBX 9 ($0.12) per share. This represents a dividend yield of 5.17%. The ex-dividend date is Thursday, September 26th. Central Asia Metals’s dividend payout ratio is currently 11,250.00%.

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.