Central Asia Metals (LON:CAML) Trading Down 13.4% - Time to Sell?

Key Points

• Central Asia Metals shares experienced a significant drop of 13.4%, trading down to GBX 149.80 ($2.03) from a previous close of GBX 173 ($2.34).
• Research analysts have recently adjusted target prices for the company, with Berenberg Bank lowering its price objective from GBX 190 to GBX 180, while the average target price now sits at GBX 181.67.
• The company's market capitalization is reported at £261.55 million, with a debt-to-equity ratio of 0.55 and a return on equity of 10.65%.

Central Asia Metals plc (LON:CAML - Get Free Report) dropped 13.4% during mid-day trading on Wednesday . The company traded as low as GBX 142.88 ($1.94) and last traded at GBX 149.80 ($2.03). Approximately 4,337,054 shares traded hands during trading, an increase of 527% from the average daily volume of 691,949 shares. The stock had previously closed at GBX 173 ($2.35).

Wall Street Analyst Weigh In

CAML has been the subject of a number of recent analyst reports. Berenberg Bank downgraded Central Asia Metals to a "hold" rating and decreased their price target for the stock from GBX 180 to GBX 170 in a report on Thursday. Royal Bank Of Canada decreased their price target on Central Asia Metals from GBX 200 to GBX 190 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 175 price target on shares of Central Asia Metals in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 178.33.

Central Asia Metals Price Performance

The stock has a market cap of £251.08 million, a price-to-earnings ratio of 535.77 and a beta of 1.12. The company has a 50-day moving average of GBX 157.93 and a 200-day moving average of GBX 157.87. 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 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 return on equity of 10.65% and a net margin of 20.13%. As a group, equities research analysts predict 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.