Central Asia Metals (LON:CAML) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• Shares fell below the 200-day moving average, trading as low as GBX 146.20 versus a 200-day MA of GBX 178.95, with volume of 774,831 shares during the session.
• Analyst consensus is "Hold"—one Buy and three Hold ratings—with an average price target of GBX 188.75 after recent cuts from Royal Bank of Canada, Canaccord and others.
• Company fundamentals and operations: Central Asia Metals (market cap £260.38m) operates the Kounrad copper SX-EW plant in Kazakhstan and the Sasa zinc/lead mine in North Macedonia, and reports modest leverage (debt/equity 0.76) with a negative PE.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 178.95 and traded as low as GBX 146.20. Central Asia Metals shares last traded at GBX 146.20, with a volume of 774,831 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CAML shares. Royal Bank Of Canada cut shares of Central Asia Metals to a "sector perform" rating and lowered their price target for the stock from GBX 220 to GBX 200 in a research note on Thursday, January 22nd. Canaccord Genuity Group lowered their price target on shares of Central Asia Metals from GBX 165 to GBX 160 and set a "hold" rating on the stock in a research note on Friday, April 17th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 190 price target on shares of Central Asia Metals in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 188.75.

Central Asia Metals Stock Up 4.5%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 2.92. The firm's 50-day moving average is GBX 170.82 and its 200 day moving average is GBX 178.95. The firm has a market capitalization of £260.38 million, a PE ratio of -3.59 and a beta of 1.28.

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes. CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.

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