Central Asia Metals (LON:CAML) Sets New 52-Week Low - Time to Sell?

Key Points

• Central Asia Metals fell to a new 52-week low of GBX 125, closing at GBX 125.80 on nearly 2 million shares traded.
• Analysts hold a mixed but generally cautious view: the consensus rating is “Hold”, with an average price target of GBX 171.25; targets range from GBX 150 to GBX 205.
• Despite the decline, insider Alison Baker bought 7,607 shares at GBX 131, while the company remains a diversified base-metals producer operating copper, zinc, and lead assets.

Central Asia Metals plc (LON:CAML - Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as GBX 125 and last traded at GBX 125.80, with a volume of 1,999,752 shares. The stock had previously closed at GBX 128.60.

Wall Street Analyst Weigh In

CAML has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 170 price target on shares of Central Asia Metals in a research report on Tuesday, August 11th. Berenberg Bank cut their price objective on Central Asia Metals from GBX 190 to GBX 150 and set a "hold" rating on the stock in a research report on Friday. Peel Hunt restated a "buy" rating and issued a GBX 205 price objective on shares of Central Asia Metals in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 160 target price on shares of Central Asia Metals in a research report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Central Asia Metals presently has a consensus rating of "Hold" and an average price target of GBX 171.25.

Central Asia Metals Price Performance

The company has a market capitalization of £214.37 million, a P/E ratio of -4.93 and a beta of 1.21. The business's fifty day moving average price is GBX 157.53 and its 200-day moving average price is GBX 163.49. The company has a current ratio of 3.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62.

Insiders Place Their Bets

In other news, insider Alison Baker purchased 7,607 shares of the business's stock in a transaction on Friday, October 30th. The shares were acquired at an average price of GBX 131 per share, with a total value of £9,965.17. 8.57% of the stock is owned by insiders.

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. It is an established low-cost, diversified base-metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, zinc production of up to 21,000 tonnes and lead production of up to 29,000 tonnes. CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan.

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