Central Asia Metals (LON:CAML) Shares Down 13.4% - What's Next?

Key Points

• Central Asia Metals' shares fell 13.4% on Wednesday, trading as low as GBX 142.88 ($1.93) after closing at GBX 173 ($2.34), with trading volume increasing significantly to 4.3 million shares.
• Analysts have adjusted their price targets for Central Asia Metals: Royal Bank of Canada lowered it from GBX 200 to GBX 190, while Berenberg Bank reduced theirs from GBX 190 to GBX 180, maintaining a "buy" rating.
• The company has a market cap of £261.55 million and reported a net margin of 20.13% in its latest earnings results, indicating a stable financial position despite stock price fluctuations.

Central Asia Metals plc (LON:CAML - Get Free Report) fell 13.4% on Wednesday . The stock traded as low as GBX 142.88 ($1.93) and last traded at GBX 149.80 ($2.03). 4,337,054 shares changed hands during trading, an increase of 527% from the average session volume of 691,949 shares. The stock had previously closed at GBX 173 ($2.34).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of 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. Berenberg Bank decreased their price target 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. Finally, Canaccord Genuity Group restated a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 181.67.

Central Asia Metals Stock Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of GBX 158.25 and a 200-day moving average of GBX 157.93. The company has a market cap of £261.55 million, a PE 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 EPS for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. As a group, analysts anticipate that Central Asia Metals plc will post 25.0194049 earnings per share 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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