Central Asia Metals (LON:CAML) Stock Price Down 13.4% - Should You Sell?

Key Points

• Central Asia Metals' share price dropped 13.4% to as low as GBX 142.88 ($1.93) during recent trading, with significant trading volume markedly higher than average.
• Analysts have mixed opinions, with Royal Bank of Canada lowering their price target to GBX 190 while maintaining an "outperform" rating, indicating modest growth potential despite the recent stock decline.
• The company reported GBX 5.33 earnings per share in its latest quarterly earnings, with expectations of a full-year earnings per share of around 25 for the current year, reflecting strong profitability metrics.

Central Asia Metals plc (LON:CAML - Get Free Report)'s stock price was down 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 changed 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 Analysts Forecast Growth

A number of analysts recently issued reports on CAML shares. Royal Bank Of Canada cut their price objective on 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. Canaccord Genuity Group reissued a "hold" rating and set a GBX 175 price objective on shares of Central Asia Metals in a research report on Wednesday, May 21st. Finally, Berenberg Bank downgraded Central Asia Metals to a "hold" rating and cut their price objective for the stock from GBX 180 to GBX 170 in a research report on Thursday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Central Asia Metals presently has an average rating of "Hold" and a consensus price target of GBX 178.33.

Central Asia Metals Stock Down 3.1%

The firm has a 50 day moving average price of GBX 157.93 and a 200-day moving average price of GBX 157.87. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The firm has a market cap of £251.08 million, a PE ratio of 535.77 and a beta of 1.12.

Central Asia Metals (LON:CAML - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast 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.