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

Key Points

• Central Asia Metals' stock experienced a significant decline of 13.4%, trading as low as GBX 142.88 ($1.93) before closing at GBX 149.80 ($2.03).
• Analysts have mixed views on the stock, with Canaccord Genuity reaffirming a "hold" rating, while Royal Bank of Canada and Berenberg Bank have reduced their price targets.
• The company reported a net margin of 20.13% and is projected to post earnings of approximately 25.02 pence per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAML. Canaccord Genuity Group restated a "hold" rating and set a GBX 175 target price on shares of Central Asia Metals in a report on Wednesday, May 21st. Royal Bank Of Canada reduced 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 report on Wednesday, July 16th. Finally, Berenberg Bank cut shares of Central Asia Metals to a "hold" rating and reduced their target price for the stock from GBX 180 to GBX 170 in a report on Thursday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Central Asia Metals presently has an average rating of "Hold" and a consensus target price of GBX 178.33.

Central Asia Metals Price Performance

The company has a market capitalization of £251.68 million, a P/E ratio of 537.06 and a beta of 1.12. The company's 50-day moving average price is GBX 157.93 and its two-hundred day moving average price is GBX 157.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.15 and a quick ratio of 1.97.

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