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

Key Points

• Central Asia Metals plc (LON:CAML) experienced a significant share price drop of 13.4%, trading as low as GBX 142.88, with a substantial increase in trading volume.
• Equity analysts have lowered their target prices for the company, with Berenberg Bank setting a new target of GBX 180 and maintaining a "buy" rating.
• The company reported earnings of GBX 5.33 per share for the last quarter, and analysts predict an EPS of approximately 25.02 for the current fiscal year.

Central Asia Metals plc (LON:CAML - Get Free Report)'s share price fell 13.4% during trading on Thursday . 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).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Berenberg Bank lowered their target price on Central Asia Metals from GBX 190 to GBX 180 and set a "buy" rating on the stock in a research note on Monday, July 21st. Royal Bank Of Canada decreased their price objective on 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 reissued a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 181.67.

Central Asia Metals Price Performance

The firm has a market capitalization of £257.01 million, a P/E ratio of 548.44 and a beta of 1.12. The company has a quick ratio of 1.97, a current ratio of 5.15 and a debt-to-equity ratio of 0.55. The business's 50 day moving average is GBX 158.25 and its 200-day moving average is GBX 157.93.

Central Asia Metals (LON:CAML - Get Free Report) last issued its earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share for the quarter. Central Asia Metals had a return on equity of 10.65% and a net margin of 20.13%. As a group, sell-side analysts predict that Central Asia Metals plc will post 25.0194049 EPS 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.

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