Central Asia Metals (LON:CAML) Stock Price Down 13.4% - Here's What Happened

Key Points

• Central Asia Metals stock plummeted by 13.4%, trading as low as GBX 142.88 ($1.93), significantly higher than its previous close of GBX 173 ($2.34).
• Equities analysts have recently adjusted their ratings, with Berenberg Bank lowering its price target from GBX 190 to GBX 180 while maintaining a "buy" rating.
• The mining company reported EPS of GBX 5.33 for the last quarter, with analysts projecting an overall earnings per share of 25.02 for the current fiscal year.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price traded down 13.4% on Thursday . 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).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank dropped their price objective on shares of Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating on the stock in a report on Monday, July 21st. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 175 price target on shares of Central Asia Metals in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada reduced their target price 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 181.67.

Central Asia Metals Stock Performance

The firm has a fifty day moving average price of GBX 158.25 and a 200 day moving average price of GBX 157.93. 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 firm has a market cap of £257.01 million, a PE ratio of 548.44 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last issued 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, equities research analysts expect that Central Asia Metals plc will post 25.0194049 earnings per share for the current fiscal year.

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.

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