Central Asia Metals (LON:CAML) Hits New 12-Month Low – What’s Next?

Central Asia Metals plc (LON:CAML)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 138.40 and last traded at GBX 139.45, with a volume of 3213889 shares traded. The stock had previously closed at GBX 148.60.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 190 price target on shares of Central Asia Metals in a report on Wednesday. Canaccord Genuity Group reduced their target price on Central Asia Metals from GBX 165 to GBX 160 and set a “hold” rating for the company in a research note on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 188.75.

Central Asia Metals Stock Performance

The company has a quick ratio of 1.97, a current ratio of 2.92 and a debt-to-equity ratio of 0.76. The company has a market cap of £226.30 million, a P/E ratio of -3.12 and a beta of 1.18. The company’s 50-day moving average is GBX 154.32 and its two-hundred day moving average is GBX 178.32.

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. 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.