Central Asia Metals (LON:CAML) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Central Asia Metals plc's stock price has dropped below its 200-day moving average for the first time, currently trading at GBX 143.60 ($1.95).
• Wall Street analysts have mixed views, with Royal Bank Of Canada maintaining an "outperform" rating and lowering their price target to GBX 190, while Berenberg Bank downgraded the stock to "hold" with a new target of GBX 170.
• The company posted quarterly earnings of GBX 5.33 per share and has an average target price forecast of GBX 178.33, indicating analysts expect cautious growth ahead.

Central Asia Metals plc (LON:CAML - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 157.45 ($2.13) and traded as low as GBX 141.40 ($1.91). Central Asia Metals shares last traded at GBX 143.60 ($1.94), with a volume of 629,518 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on CAML. Royal Bank Of Canada lowered their price target on shares of 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 cut shares of Central Asia Metals to a "hold" rating and decreased their price objective for the company from GBX 180 to GBX 170 in a research report on Thursday, September 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 178.33.

Central Asia Metals Price Performance

The company has a market cap of £257.71 million, a P/E ratio of 549.93 and a beta of 1.12. The company's 50-day moving average price is GBX 156.33 and its two-hundred day moving average price is GBX 157.44. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55.

Central Asia Metals (LON:CAML - Get Free Report) last issued its quarterly 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%. As a group, sell-side analysts expect that Central Asia Metals plc will post 25.0194049 earnings per share 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.