Central Asia Metals (LON:CAML) Shares Down 14.8% – Here’s Why

Shares of Central Asia Metals plc (LON:CAML) fell 14.8% during trading on Tuesday . The stock traded as low as GBX 201.50 and last traded at GBX 204. 10,772,350 shares changed hands during mid-day trading, an increase of 342% from the average session volume of 2,437,515 shares. The stock had previously closed at GBX 239.50.

Analysts Set New Price Targets

Several research analysts have issued reports on CAML shares. Canaccord Genuity Group boosted their price target on shares of Central Asia Metals from GBX 175 to GBX 205 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Berenberg Bank reissued a “hold” rating and set a GBX 170 target price on shares of Central Asia Metals in a research note on Monday, January 12th. Finally, Royal Bank Of Canada cut shares of Central Asia Metals to a “sector perform” rating and cut their price target for the company from GBX 220 to GBX 200 in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Central Asia Metals has an average rating of “Hold” and an average target price of GBX 195.

Central Asia Metals Stock Performance

The firm has a market capitalization of £337.22 million, a P/E ratio of 9.94 and a beta of 1.12. The company’s 50 day moving average is GBX 209.44 and its 200-day moving average is GBX 177.69. The company has a quick ratio of 1.97, a current ratio of 1.88 and a debt-to-equity ratio of 2.15.

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.