Central Asia Metals (LON:CAML) Trading Down 13.4% - Here's What Happened

Key Points

• Central Asia Metals' stock dropped 13.4% to last trade at GBX 149.80 ($2.03), with trading volume significantly increasing to over 4 million shares, a 527% rise from average volumes.
• Analyst ratings indicate a generally cautious outlook, with RBC lowering its price target to GBX 190 while Canaccord and Berenberg maintain hold and buy ratings, respectively, reflecting mixed sentiment among brokerages.
• Central Asia Metals reported GBX 5.33 EPS in its last quarterly earnings, showcasing a net margin of 20.13% and a return on equity of 10.65%, as analysts forecast a yearly EPS of approximately 25.02.

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

Several brokerages recently weighed in on CAML. Royal Bank Of Canada reduced 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 research note on Wednesday, July 16th. Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 price target on shares of Central Asia Metals in a research report on Wednesday, May 21st. Finally, Berenberg Bank cut their price target on shares of Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating on the stock in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 181.67.

Central Asia Metals Stock Performance

The company's fifty day moving average is GBX 158.48 and its 200 day moving average is GBX 157.98. The company has a market capitalization of £261.55 million, a P/E ratio of 558.12 and a beta of 1.12. 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 released its quarterly earnings data 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 analysts anticipate 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.

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