Central Asia Metals (LON:CAML) Stock Passes Above 200-Day Moving Average – Here’s Why

Central Asia Metals plc (LON:CAML)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 156.76 and traded as high as GBX 162. Central Asia Metals shares last traded at GBX 161.94, with a volume of 4,980,208 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on CAML shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 price objective on shares of Central Asia Metals in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 175 price target on shares of Central Asia Metals in a report on Thursday, October 16th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 205 price objective on shares of Central Asia Metals in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 185.

Central Asia Metals Trading Down 1.0%

The company has a market capitalization of £279.97 million, a price-to-earnings ratio of 8.15 and a beta of 1.12. 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 company’s 50 day simple moving average is GBX 153.88 and its two-hundred day simple moving average is GBX 156.77.

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

Insider Buying and Selling

In other news, insider Gavin Ferrar acquired 12,669 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of GBX 158 per share, with a total value of £20,017.02. Corporate insiders own 8.44% of the company’s stock.

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.