Central Asia Metals (LON:CAML) Shares Down 13.2% – Should You Sell?

Central Asia Metals plc (LON:CAML)’s stock price was down 13.2% on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 150.08 ($2.04). Approximately 6,979,587 shares traded hands during mid-day trading, an increase of 888% from the average daily volume of 706,668 shares. The stock had previously closed at GBX 173 ($2.35).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CAML shares. Royal Bank Of Canada lowered their price target 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. Berenberg Bank decreased their price objective on Central Asia Metals from GBX 190 to GBX 180 and set a “buy” rating on the stock in a report on Monday, July 21st. Finally, Canaccord Genuity Group reissued a “hold” rating and set a GBX 175 price objective on shares of Central Asia Metals in a report on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 181.67.

Central Asia Metals Stock Down 3.1%

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 company has a market capitalization of £251.03 million, a P/E ratio of 535.66 and a beta of 1.12. The company has a 50-day moving average of GBX 157.93 and a two-hundred day moving average of GBX 157.87.

Central Asia Metals (LON:CAML) last released its earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 EPS for the quarter. Central Asia Metals had a return on equity of 10.65% and a net margin of 20.13%. On average, research analysts predict 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.