Central Asia Metals (LON:CAML) Stock Price Down 10.8% - Should You Sell?

Key Points

• Central Asia Metals shares fell by 10.8% during mid-day trading, reaching a low of GBX 142.88 ($1.93) before closing at GBX 154.40 ($2.09), with trading volume dramatically increasing by 547% compared to the average daily volume.
• Analysts are mixed on CAML's prospects, with Berenberg Bank lowering its target price to GBX 180 but maintaining a "buy" rating, while Royal Bank of Canada also reduced their target to GBX 190 with an "outperform" rating.
• The company recently reported earnings per share of GBX 5.33 for the last quarter, with a predicted EPS of 25.02 for the current year, indicating a stable financial outlook despite the stock's recent decline.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price fell 10.8% on Wednesday . The company traded as low as GBX 142.88 ($1.94) and last traded at GBX 154.40 ($2.09). 4,482,950 shares changed hands during trading, an increase of 547% from the average session volume of 692,783 shares. The stock had previously closed at GBX 173 ($2.35).

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CAML. Royal Bank Of Canada reduced their target price on shares of Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Canaccord Genuity Group restated a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a report on Wednesday, May 21st. Finally, Berenberg Bank cut shares of Central Asia Metals to a "hold" rating and reduced their target price for the stock from GBX 180 to GBX 170 in a report on Thursday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Central Asia Metals presently has an average rating of "Hold" and an average price target of GBX 178.33.

Central Asia Metals Stock Down 1.4%

The business's 50 day moving average is GBX 157.53 and its 200 day moving average is GBX 157.79. 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 has a market cap of £247.58 million, a price-to-earnings ratio of 528.32 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last issued its 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 net margin of 20.13% and a return on equity of 10.65%. 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.