Central Asia Metals (LON:CAML) Trading Down 13.4% - Should You Sell?

Key Points

• Central Asia Metals plc (CAML) saw its stock price fall by 13.4%, trading at GBX 149.80, significantly lower than its previous close of GBX 173.
• The trading volume increased dramatically to approximately 4.3 million shares, a 527% rise from its average daily volume, indicating heightened market activity.
• Research analysts have mixed ratings on CAML, with one firm issuing a "hold" rating and others adjusting target prices, leading to an average rating of "Moderate Buy" and a target of GBX 181.67.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price traded down 13.4% during trading on Wednesday . The company traded as low as GBX 142.88 ($1.94) 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 ($2.35).

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CAML shares. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a research report on Wednesday, May 21st. Royal Bank Of Canada reduced 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 research note on Wednesday, July 16th. Finally, Berenberg Bank lowered shares of Central Asia Metals to a "hold" rating and cut their price target for the company from GBX 180 to GBX 170 in a research note on Thursday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 178.33.

Central Asia Metals Price Performance

The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is GBX 157.53 and its 200 day moving average is GBX 157.78. The firm has a market capitalization of £251.08 million, a price-to-earnings ratio of 535.77 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share (EPS) for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. On average, equities research analysts anticipate 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.