Central Asia Metals (LON:CAML) Shares Down 12.6% - What's Next?

Key Points

• Central Asia Metals' shares fell 12.6% on Wednesday, closing at GBX 151.20 ($2.05) after trading as low as GBX 142.88 ($1.93), with trading volume increasing significantly to 7,362,107 shares.
• Analysts from Royal Bank of Canada and Berenberg Bank have lowered their price targets for the stock, with Royal Bank cutting its target from GBX 200 to GBX 190 while Berenberg reduced it from GBX 190 to GBX 180.
• The company reported earnings of GBX 5.33 per share and had a net margin of 20.13%, indicating healthy profitability despite the recent stock decline.

Central Asia Metals plc (LON:CAML - Get Free Report) was down 12.6% on Wednesday . The company traded as low as GBX 142.88 ($1.93) and last traded at GBX 151.20 ($2.05). Approximately 7,362,107 shares traded hands during trading, an increase of 938% from the average daily volume of 709,235 shares. The stock had previously closed at GBX 173 ($2.34).

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CAML shares. Royal Bank Of Canada decreased their price objective on Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. Berenberg Bank cut their price objective on Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating on the stock in a report on Monday, July 21st. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 181.67.

Central Asia Metals Stock Performance

The firm has a fifty day moving average of GBX 158.48 and a 200 day moving average of GBX 157.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The stock has a market cap of £261.55 million, a price-to-earnings ratio of 558.12 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last posted 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 return on equity of 10.65% and a net margin of 20.13%. As a group, sell-side analysts forecast that Central Asia Metals plc will post 25.0194049 EPS for the current year.

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.

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