Central Asia Metals (LON:CAML) Trading Down 12.6% - What's Next?

Key Points

• Central Asia Metals (LON:CAML) experienced a significant drop of 12.6% in trading, closing at GBX 151.20 ($2.05), down from a previous close of GBX 173 ($2.34).
• Research firms have adjusted their price targets for CAML, with Berenberg Bank and Royal Bank of Canada lowering theirs, but still maintaining buy and outperform ratings respectively.
• The company reported a net margin of 20.13% and an earnings per share (EPS) forecast of around 25.02 for the current year, indicating potential growth despite recent market fluctuations.

Central Asia Metals plc (LON:CAML - Get Free Report) fell 12.6% during trading on Wednesday . The stock traded as low as GBX 142.88 ($1.93) and last traded at GBX 151.20 ($2.05). 7,362,107 shares traded hands during trading, an increase of 938% from the average session volume of 709,235 shares. The stock had previously closed at GBX 173 ($2.34).

Wall Street Analysts Forecast Growth

Several research firms have commented on CAML. Berenberg Bank dropped 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 report on Monday, July 21st. Royal Bank Of Canada dropped their price objective 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. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 price objective on shares of Central Asia Metals in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Central Asia Metals presently has an average rating of "Moderate Buy" and an average price target of GBX 181.67.

Central Asia Metals Stock Performance

The stock has a market capitalization of £261.55 million, a PE ratio of 558.12 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97. The business's fifty day moving average price is GBX 158.48 and its 200-day moving average price is GBX 157.98.

Central Asia Metals (LON:CAML - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share (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 expect 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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