Jefferies Group Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 240
KAZ Minerals PLC (LON:KAZ) had its target price raised by analysts at Jefferies Group from GBX 200 ($2.48) to GBX 240 ($2.97) in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the copper miner’s stock. Jefferies Group’s price objective suggests a potential downside of 8.15% from the stock’s previous close.
Several other analysts also recently issued reports on KAZ. Deutsche Bank AG reaffirmed a “hold” rating on shares of KAZ Minerals PLC in a report on Wednesday, June 22nd. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 120 ($1.49) price target on shares of KAZ Minerals PLC in a report on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 150 ($1.86) price target on shares of KAZ Minerals PLC in a report on Thursday, June 30th. Canaccord Genuity raised shares of KAZ Minerals PLC to a “hold” rating and upped their price target for the company from GBX 120 ($1.49) to GBX 130 ($1.61) in a report on Monday, July 11th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a GBX 130 ($1.61) price target (up previously from GBX 70 ($0.87)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. KAZ Minerals PLC currently has an average rating of “Hold” and a consensus target price of GBX 165.25 ($2.05).
KAZ Minerals PLC (LON:KAZ) opened at 267.60 on Friday. The firm’s market cap is GBX 1.19 billion. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 270.30. The firm has a 50 day moving average of GBX 206.43 and a 200 day moving average of GBX 167.09.
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In other news, insider Heale,Simon purchased 28,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average cost of GBX 176 ($2.18) per share, with a total value of £49,280 ($60,990.10).
KAZ Minerals PLC Company Profile
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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