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

Key Points

• Central Asia Metals (LON:CAML) experienced a significant stock price drop of 13.4%, trading as low as GBX 142.88 ($1.93) during the day.
• Analysts have mixed views, with Royal Bank of Canada lowering its price target from GBX 200 to GBX 190, while other analysts maintain ratings of "buy" and "hold" on the stock.
• The company reported earnings per share of GBX 5.33 for the last quarter, with analysts forecasting an average of 25.02 EPS for the current fiscal year.

Central Asia Metals plc (LON:CAML - Get Free Report) shares were down 13.4% during trading on Thursday . The company traded as low as GBX 142.88 ($1.93) and last traded at GBX 149.80 ($2.03). Approximately 4,337,054 shares were traded during mid-day trading, an increase of 527% from the average daily volume of 691,949 shares. The stock had previously closed at GBX 173 ($2.34).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on 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. Canaccord Genuity Group reissued a "hold" rating and issued a GBX 175 price target on shares of Central Asia Metals in a report on Wednesday, May 21st. Finally, Berenberg Bank lowered 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 research note on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Central Asia Metals currently has an average rating of "Moderate Buy" and an average target price of GBX 181.67.

Central Asia Metals Trading Down 1.7%

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 market cap of £257.01 million, a price-to-earnings ratio of 548.44 and a beta of 1.12. The company has a fifty day simple moving average of GBX 158.25 and a 200-day simple moving average of GBX 157.93.

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%. On average, 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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