Central Asia Metals (LON:CAML) Trading Down 13.4% - Should You Sell?

Key Points

• Central Asia Metals plc shares fell by 13.4% on Wednesday, trading as low as GBX 142.88 ($1.93) after closing the previous day at GBX 173 ($2.34).
• Research analysts have revised their price targets for CAML, with Royal Bank of Canada lowering its target from GBX 200 to GBX 190 while maintaining an "outperform" rating.
• The company reported a quarterly earnings per share (EPS) of GBX 5.33, with analysts predicting an EPS of approximately 25.02 for the current year.

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price traded down 13.4% on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 149.80 ($2.03). 4,337,054 shares were traded during mid-day trading, an increase of 527% from the average session volume of 691,949 shares. The stock had previously closed at GBX 173 ($2.35).

Analyst Ratings Changes

Several equities analysts have recently commented on the company. 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. 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 report on Wednesday, July 16th. Finally, Berenberg Bank lowered Central Asia Metals to a "hold" rating and decreased their price objective for the stock from GBX 180 to GBX 170 in a report on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Central Asia Metals has a consensus 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 current ratio of 5.15 and a quick ratio of 1.97. The stock's fifty day simple moving average is GBX 157.93 and its 200-day simple moving average is GBX 157.87. The company has a market capitalization of £251.08 million, a P/E ratio of 535.77 and a beta of 1.12.

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