Central Asia Metals (LON:CAML) Shares Down 11.4% - Here's What Happened

Key Points

• Central Asia Metals (CAML) shares experienced an 11.4% drop to GBX 153.20 during mid-day trading, significantly higher than the average trading volume.
• Analyst ratings for CAML include a consensus of "Moderate Buy" with an average target price of GBX 181.67, indicating optimism despite the recent stock decline.
• The company's latest earnings report revealed an EPS of GBX 5.33 and a return on equity of 10.65%, showcasing solid financial performance despite market fluctuations.

Central Asia Metals plc (LON:CAML - Get Free Report) traded down 11.4% on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 153.20 ($2.08). 6,051,500 shares were traded during mid-day trading, an increase of 762% from the average session volume of 701,746 shares. The stock had previously closed at GBX 173 ($2.35).

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Berenberg Bank lowered 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 note on Thursday. 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, Royal Bank Of Canada cut 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. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 178.33.

Central Asia Metals Trading Down 1.4%

The company has a market cap of £247.58 million, a P/E ratio of 528.32 and a beta of 1.12. The stock's 50-day moving average is GBX 157.53 and its two-hundred day moving average is GBX 157.79. 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 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%. As a group, equities research 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.