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

Key Points

• Central Asia Metals' stock price dropped 13.4%, trading as low as GBX 142.88, following a significant increase in trading volume of 4.3 million shares.
• Analyst ratings for Central Asia Metals reflect a consensus of "Moderate Buy" with a target price averaging GBX 181.67, despite recent downward adjustments by major banks.
• The company reported a quarterly earnings per share of GBX 5.33, with a net margin of 20.13% and a return on equity of 10.65% for the last quarter.

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price traded down 13.4% during trading 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

A number of brokerages have issued reports on CAML. Royal Bank Of Canada lowered their target price on shares of Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Berenberg Bank lowered their target price 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. Finally, Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a report on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 181.67.

Central Asia Metals Trading Down 13.4%

The stock has a market cap of £261.55 million, a P/E ratio of 558.12 and a beta of 1.12. The firm's fifty day moving average price is GBX 158.25 and its two-hundred day moving average price 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.

Central Asia Metals (LON:CAML - Get Free Report) last released its quarterly earnings results 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 research analysts forecast that Central Asia Metals plc will post 25.0194049 EPS for the current 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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