Central Asia Metals (LON:CAML) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Central Asia Metals plc (CAML) saw its share price rise above its 200-day moving average, reaching a peak of GBX 167.60 ($2.27) during trading.
• Analysts have mixed views, with Canaccord Genuity maintaining a "hold" rating and setting a price target of GBX 175, while Berenberg Bank and Royal Bank of Canada have lowered their targets to GBX 180 and GBX 190 respectively.
• The company, which operates copper facilities in Kazakhstan and a zinc and lead mine in North Macedonia, currently has a market cap of £377.85 million and a P/E ratio of 9.83.

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 156.91 ($2.12) and traded as high as GBX 167.60 ($2.26). Central Asia Metals shares last traded at GBX 166.60 ($2.25), with a volume of 433,821 shares changing hands.

Analyst Upgrades and Downgrades

CAML has been the subject of several analyst reports. Berenberg Bank lowered their target price on shares of Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating for the company in a report on Monday, July 21st. Canaccord Genuity Group reiterated a "hold" rating and issued a GBX 175 target price on shares of Central Asia Metals in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada reduced their target price on shares of 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 181.67.

Central Asia Metals Trading Down 0.7%

The company has a market capitalization of £380.48 million, a PE ratio of 9.90 and a beta of 1.12. 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 stock has a fifty day moving average of GBX 155.85 and a two-hundred day moving average of GBX 157.07.

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.