Deutsche Bank AG Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 214
KAZ Minerals PLC (LON:KAZ) had its price target upped by Deutsche Bank AG from GBX 189 ($2.47) to GBX 214 ($2.79) in a research note issued on Wednesday. The firm presently has a “hold” rating on the copper miner’s stock. Deutsche Bank AG’s price objective would suggest a potential downside of 10.54% from the stock’s previous close.
KAZ has been the subject of a number of other reports. Jefferies Group reissued a “hold” rating on shares of KAZ Minerals PLC in a research report on Friday, July 15th. Barclays PLC reissued an “underweight” rating and issued a GBX 130 ($1.70) price objective (up from GBX 70 ($0.91)) on shares of KAZ Minerals PLC in a research report on Monday, July 18th. Macquarie upped their price objective on shares of KAZ Minerals PLC from GBX 200 ($2.61) to GBX 260 ($3.39) and gave the company an “outperform” rating in a research report on Thursday, September 15th. BNP Paribas upped their price objective on shares of KAZ Minerals PLC from GBX 120 ($1.57) to GBX 135 ($1.76) and gave the company an “underperform” rating in a research report on Monday, August 15th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 150 ($1.96) price objective on shares of KAZ Minerals PLC in a research report on Thursday, June 30th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 162.75 ($2.12).
Shares of KAZ Minerals PLC (LON:KAZ) traded up 2.97% during trading on Wednesday, reaching GBX 239.20. The company had a trading volume of 2,206,122 shares. The stock has a 50 day moving average of GBX 199.41 and a 200 day moving average of GBX 164.76. The stock’s market capitalization is GBX 1.07 billion. KAZ Minerals PLC has a 52-week low of GBX 75.00 and a 52-week high of GBX 246.30.
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In related news, insider Heale,Simon acquired 28,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were acquired 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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