Kazakhmys Given Average Recommendation of “Hold” by Analysts (LON:KAZ)
Shares of Kazakhmys (LON:KAZ) have been given an average rating of “Hold” by the twenty-one ratings firms that are currently covering the company, AnalystRatingsNetwork reports. Nine analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 223.52 ($3.67).
KAZ has been the subject of a number of recent research reports. Analysts at BNP Paribas raised their price target on shares of Kazakhmys from GBX 140 ($2.30) to GBX 180 ($2.95) in a research note on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Kazakhmys in a research note on Wednesday. They now have a GBX 250 ($4.10) price target on the stock, up previously from GBX 220 ($3.61). Finally, analysts at Credit Suisse upgraded shares of Kazakhmys to a “neutral” rating in a research note on Wednesday. They now have a GBX 200 ($3.28) price target on the stock.
Kazakhmys (LON:KAZ) traded down 3.21% during mid-day trading on Wednesday, hitting GBX 201.70. The stock had a trading volume of 2,359,739 shares. Kazakhmys has a 1-year low of GBX 170.00 and a 1-year high of GBX 775.50. The stock has a 50-day moving average of GBX 192.5 and a 200-day moving average of GBX 245.3. The company’s market cap is £1.055 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.