Central Asia Metals (LON:CAML) Trading Down 13.2% – Time to Sell?

Central Asia Metals plc (LON:CAMLGet Free Report) shares dropped 13.2% during mid-day trading on Wednesday . The company traded as low as GBX 142.88 ($1.93) and last traded at GBX 150.08 ($2.03). Approximately 6,979,587 shares were traded during trading, an increase of 888% from the average daily volume of 706,668 shares. The stock had previously closed at GBX 173 ($2.34).

Wall Street Analysts Forecast Growth

CAML has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective 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. 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. Finally, Berenberg Bank dropped 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 181.67.

Check Out Our Latest Research Report on Central Asia Metals

Central Asia Metals Stock Performance

The company has a 50-day moving average of GBX 158.48 and a 200 day moving average of GBX 157.98. 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 firm has a market capitalization of £263.41 million, a PE ratio of 562.09 and a beta of 1.12.

Central Asia Metals (LON:CAMLGet Free Report) last posted 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%. Equities research analysts predict that Central Asia Metals plc will post 25.0194049 EPS for the current year.

About Central Asia Metals

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Central Asia Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Asia Metals and related companies with MarketBeat.com's FREE daily email newsletter.