Central Asia Metals (LON:CAML) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 200.73 ($2.62) and traded as low as GBX 184 ($2.40). Central Asia Metals shares last traded at GBX 185.40 ($2.42), with a volume of 171,432 shares changing hands.

Analysts Set New Price Targets

CAML has been the topic of several analyst reports. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 215 ($2.81) target price on shares of Central Asia Metals in a report on Thursday, July 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 230 ($3.00) price target on shares of Central Asia Metals in a report on Tuesday, September 10th.

Central Asia Metals Trading Down 1.2 %

The company has a 50-day simple moving average of GBX 189.13 and a 200-day simple moving average of GBX 200.73. The stock has a market cap of £322.54 million, a P/E ratio of 1,158.75 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.

Central Asia Metals Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 26th will be paid a GBX 9 ($0.12) dividend. This represents a dividend yield of 5.17%. The ex-dividend date is Thursday, September 26th. Central Asia Metals’s dividend payout ratio is 11,250.00%.

About Central Asia Metals

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.