KAZ Minerals PLC (KAZ) Lifted to “Equal Weight” at Barclays PLC
KAZ Minerals PLC (LON:KAZ) was upgraded by Barclays PLC to an “equal weight” rating in a research note issued to investors on Wednesday. The brokerage presently has a GBX 210 ($2.74) target price on the copper miner’s stock, up from their previous target price of GBX 130 ($1.70). Barclays PLC’s price objective suggests a potential upside of 4.22% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Peel Hunt upgraded shares of KAZ Minerals PLC to an “add” rating and boosted their price objective for the stock from GBX 160 ($2.09) to GBX 200 ($2.61) in a research report on Friday, August 19th. Deutsche Bank AG reiterated a “hold” rating on shares of KAZ Minerals PLC in a research report on Wednesday, June 22nd. Jefferies Group reiterated a “hold” rating on shares of KAZ Minerals PLC in a research report on Friday, July 15th. Finally, Canaccord Genuity upgraded shares of KAZ Minerals PLC to a “hold” rating and boosted their price objective for the stock from GBX 120 ($1.57) to GBX 130 ($1.70) in a research report on Monday, July 11th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 159.35 ($2.08).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 206.90 on Wednesday. The firm’s market capitalization is GBX 923.84 million. The firm’s 50 day moving average is GBX 177.94 and its 200-day moving average is GBX 160.49. KAZ Minerals PLC has a 12 month low of GBX 65.10 and a 12 month high of GBX 211.40.
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In related news, insider Heale,Simon purchased 28,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was purchased at an average price of GBX 176 ($2.30) per share, for a total transaction of £49,280 ($64,325.81).
About KAZ Minerals PLC
KAZ Minerals PLC, formerly Kazakhmys PLC, is a United Kingdom-based copper company. The Company is focused on open-pit mining in Kazakhstan. The Company operates through three segments: East Region operations, Mining Projects and Bozymchak. The East Region operations segment consists of the Company’s primary operating entity, Vostoktsvetmet LLC, engaged in the mining and processing of copper and other metals, which are produced as by-products and located in Kazakhstan, and the associated international sales and marketing activities managed out of the United Kingdom.
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