Central Asia Metals (LON:CAML) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Central Asia Metals shares have recently crossed above their 200-day moving average, indicating a potential bullish trend, with the stock trading at GBX 173 ($2.34) as of Tuesday.
• Analysts have mixed views on the stock, with Berenberg Bank and Royal Bank of Canada adjusting their price targets, reflecting a general average target of GBX 181.67 and a rating of "Moderate Buy."
• Despite these positive signs, Central Asia Metals has experienced a 10.8% decline in its stock price recently, raising questions about future performance.

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 157.98 ($2.14) and traded as high as GBX 176.60 ($2.40). Central Asia Metals shares last traded at GBX 173 ($2.35), with a volume of 1,328,434 shares changing hands.

Analysts Set New Price Targets

CAML has been the topic of a number of analyst reports. Berenberg Bank lowered Central Asia Metals to a "hold" rating and reduced their price target for the company from GBX 180 to GBX 170 in a research report on Thursday. Royal Bank Of Canada reduced their price target on Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a GBX 175 price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 178.33.

Central Asia Metals Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The stock's 50-day moving average is GBX 157.53 and its 200 day moving average is GBX 157.79. The stock has a market capitalization of £251.08 million, a PE ratio of 535.77 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last released its quarterly earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share (EPS) for the quarter. Central Asia Metals had a return on equity of 10.65% and a net margin of 20.13%. As a group, equities analysts expect that Central Asia Metals plc will post 25.0194049 earnings per share for the current year.

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.