Central Asia Metals (LON:CAML) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Central Asia Metals shares fell below their 200-day moving average of GBX 156.68, indicating potential bearish market sentiment.
• Recent analyst ratings show two analysts with a Buy rating and two with a Hold rating; the consensus price target is GBX 185.
• The company reported a net margin of 20.13% and earnings per share of GBX 5.33 for the last quarter.

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 156.68 ($2.09) and traded as low as GBX 155 ($2.06). Central Asia Metals shares last traded at GBX 159.20 ($2.12), with a volume of 2,232,616 shares changing hands.

Analysts Set New Price Targets

CAML has been the topic of several analyst reports. Berenberg Bank restated a "hold" rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Wednesday, October 8th. Peel Hunt reaffirmed a "buy" rating and set a GBX 205 price objective on shares of Central Asia Metals in a report on Friday, October 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 185.

Central Asia Metals Trading Down 0.1%

The company's 50 day moving average price is GBX 157.60 and its two-hundred day moving average price is GBX 156.68. 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 capitalization of £276.46 million, a PE ratio of 800.88 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last posted its quarterly 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%. As a group, analysts expect 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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