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

Key Points

• Central Asia Metals plc (LON:CAML) saw a significant decline in stock price, dropping 13.4% to GBX 149.80 ($2.03), with trading volume increasing to 4.3 million shares.
• Despite the recent price drop, analysts maintain a mostly positive outlook, with a consensus price target of GBX 181.67 and ratings that include two Buy and one Hold.
• The company's operations include a copper facility in Kazakhstan and a zinc/lead mine in North Macedonia, contributing to a market capitalization of £261.55 million.

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 mid-day 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

Several brokerages have recently weighed in on CAML. Canaccord Genuity Group restated a "hold" rating and issued a GBX 175 price objective on shares of Central Asia Metals in a report on Wednesday, May 21st. Berenberg Bank decreased their price objective on Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating for the company in a report on Monday, July 21st. Finally, Royal Bank Of Canada decreased their price objective 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, Central Asia Metals presently has an average rating of "Moderate Buy" and a consensus price target of GBX 181.67.

Central Asia Metals Price Performance

The company's 50-day simple moving average is GBX 158.25 and its 200-day simple moving average is GBX 157.93. 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 £261.55 million, a price-to-earnings ratio of 558.12 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last announced 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%. Research analysts forecast 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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