Central Asia Metals (LON:CAML) Shares Down 13.2% - What's Next?

Key Points

• Central Asia Metals' shares dropped 13.2% during mid-day trading, reaching a low of GBX 142.88 ($1.93), with trading volume significantly up by 888% compared to average daily volume.
• Analysts have lowered their price objectives, with Berenberg Bank targeting GBX 180 and Royal Bank of Canada at GBX 190, while maintaining a consensus rating of "Moderate Buy".
• The company reported a quarterly earnings per share of GBX 5.33 and has a market capitalization of £263.41 million, yet has a high price-to-earnings ratio of 562.09.

Shares of Central Asia Metals plc (LON:CAML - Get Free Report) traded down 13.2% on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 150.08 ($2.04). 6,979,587 shares changed hands during mid-day trading, an increase of 888% from the average session volume of 706,668 shares. The stock had previously closed at GBX 173 ($2.35).

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canaccord Genuity Group restated a "hold" rating and issued a GBX 175 price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. Berenberg Bank cut shares of Central Asia Metals to a "hold" rating and dropped their target price for the company from GBX 180 to GBX 170 in a research report on Thursday. Finally, Royal Bank Of Canada dropped their target price on shares of Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. 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, the company currently has a consensus rating of "Hold" and an average target price of GBX 178.33.

Central Asia Metals Stock Down 3.1%

The firm's 50-day simple moving average is GBX 157.53 and its 200 day simple moving average is GBX 157.78. The company has a market cap of £251.08 million, a P/E 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.

Central Asia Metals (LON:CAML - Get Free Report) last issued 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%. On average, research analysts forecast that Central Asia Metals plc will post 25.0194049 earnings per share for the current fiscal year.

About Central Asia Metals

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.