Central Asia Metals (LON:CAML) Trading Down 13.4% - Time to Sell?

Key Points

• Central Asia Metals saw a significant decline in its stock price, down 13.4%, from a previous close of GBX 173 to a last trade of GBX 149.80.
• Analysts have adjusted their price targets for the company, with Berenberg Bank lowering theirs to GBX 180 while maintaining a "buy" rating, indicating mixed sentiment about the stock.
• The company reported earnings of GBX 5.33 per share in its last quarterly results, with expectations of approximately 25.02 earnings per share for the year.

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) 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 were traded 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).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada dropped 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. Berenberg Bank downgraded Central Asia Metals to a "hold" rating and dropped their price objective for the stock from GBX 180 to GBX 170 in a report on Thursday. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a GBX 175 price target on shares of Central Asia Metals in a report on Wednesday, May 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 178.33.

Central Asia Metals Trading Down 3.1%

The stock has a market capitalization of £251.08 million, a price-to-earnings ratio of 535.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The firm has a fifty day moving average of GBX 157.93 and a 200-day moving average of GBX 157.87.

Central Asia Metals (LON:CAML - Get Free Report) last posted its quarterly earnings data 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, equities analysts predict 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.