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Central Asia Metals (LON:CAML) Shares Down 11.8% - Should You Sell?

Central Asia Metals logo with Basic Materials background

Key Points

  • Central Asia Metals plc (LON:CAML) experienced an 11.8% drop in its stock price, closing at GBX 152.60 after trading as low as GBX 142.88.
  • Despite the recent decline, brokerage firms have a consensus rating of "Moderate Buy", with target prices ranging from GBX 175 to GBX 190.
  • The company reported a quarterly earnings per share of GBX 5.33, with a significant net margin of 20.13% and a return on equity of 10.65%.
  • MarketBeat previews the top five stocks to own by October 1st.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price fell 11.8% during trading on Wednesday . The company traded as low as GBX 142.88 ($1.93) and last traded at GBX 152.60 ($2.06). 6,593,310 shares traded hands during mid-day trading, an increase of 835% from the average session volume of 704,842 shares. The stock had previously closed at GBX 173 ($2.34).

Wall Street Analyst Weigh In

Several brokerages recently commented on CAML. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 175 price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. Royal Bank Of Canada decreased their target price on Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Finally, Berenberg Bank lowered their target price on Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating on the stock in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 181.67.

Read Our Latest Report on Central Asia Metals

Central Asia Metals Price Performance

The firm has a 50 day moving average of GBX 158.48 and a 200-day moving average of GBX 157.98. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The company has a market cap of £266.62 million, a P/E ratio of 568.93 and a beta of 1.12.

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

Central Asia Metals Company Profile

(Get Free Report)

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.

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