Central Asia Metals (LON:CAML) Stock Price Down 13.4% on Analyst Downgrade

Central Asia Metals plc (LON:CAML) was down 13.4% during trading on Thursday after Berenberg Bank downgraded the stock to a hold rating. Berenberg Bank now has a GBX 170 price target on the stock, down from their previous price target of GBX 180. Central Asia Metals traded as low as GBX 142.88 ($1.94) and last traded at GBX 149.80 ($2.03). Approximately 4,337,054 shares traded hands during mid-day trading, an increase of 527% from the average daily volume of 691,949 shares. The stock had previously closed at GBX 173 ($2.35).

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group restated a “hold” rating and issued a GBX 175 target price on shares of Central Asia Metals in a research note on Wednesday, May 21st. Royal Bank Of Canada cut their target price on Central Asia Metals from GBX 200 to GBX 190 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Central Asia Metals presently has a consensus rating of “Hold” and an average target price of GBX 178.33.

Central Asia Metals Trading Down 3.1%

The stock has a market cap of £251.08 million, a P/E ratio of 535.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.97 and a current ratio of 5.15. The stock has a 50-day moving average price of GBX 157.53 and a 200-day moving average price of GBX 157.79.

Central Asia Metals (LON:CAML) last issued 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 return on equity of 10.65% and a net margin of 20.13%. On average, equities research 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.