Central Asia Metals (LON:CAML) Trading Down 11.4% – Here’s What Happened

Central Asia Metals plc (LON:CAML) traded down 11.4% during trading on Wednesday . The stock traded as low as GBX 142.88 ($1.94) and last traded at GBX 153.20 ($2.08). 6,051,500 shares changed hands during trading, an increase of 762% from the average session volume of 701,746 shares. The stock had previously closed at GBX 173 ($2.35).

Analysts Set New Price Targets

A number of research firms have recently weighed in on CAML. Berenberg Bank reduced their price target on shares of 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 lowered their price objective on shares of 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. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 175 price objective on shares of Central Asia Metals in a research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 181.67.

Central Asia Metals Stock Performance

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 company’s 50-day simple moving average is GBX 157.93 and its 200-day simple moving average is GBX 157.87. The stock has a market capitalization of £251.03 million, a price-to-earnings ratio of 535.66 and a beta of 1.12.

Central Asia Metals (LON:CAML) last announced its quarterly earnings results on Wednesday, September 10th. The mining company reported GBX 5.33 earnings per share (EPS) for the quarter. Central Asia Metals had a net margin of 20.13% and a return on equity of 10.65%. On average, analysts expect that Central Asia Metals plc will post 25.0194049 EPS for the current 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.