KAZ Minerals PLC (KAZ) Price Target Increased to GBX 240 by Analysts at Jefferies Group
KAZ Minerals PLC (LON:KAZ) had its price objective hoisted by research analysts at Jefferies Group from GBX 200 ($2.48) to GBX 240 ($2.97) in a research note issued on Friday. The firm currently has a “hold” rating on the copper miner’s stock. Jefferies Group’s target price would indicate a potential downside of 8.15% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Barclays PLC reiterated an “underweight” rating and issued a GBX 130 ($1.61) target price (up previously from GBX 70 ($0.87)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Canaccord Genuity boosted their price objective on shares of KAZ Minerals PLC from GBX 130 ($1.61) to GBX 155 ($1.92) and gave the stock a “hold” rating in a report on Wednesday, August 10th. Halyk Finance restated an “under review” rating on shares of KAZ Minerals PLC in a report on Thursday, August 18th. Peel Hunt boosted their price objective on shares of KAZ Minerals PLC from GBX 140 ($1.73) to GBX 160 ($1.98) and gave the stock a “hold” rating in a report on Monday, August 8th. Finally, Deutsche Bank AG boosted their price objective on shares of KAZ Minerals PLC from GBX 163 ($2.02) to GBX 183 ($2.26) and gave the stock a “hold” rating in a report on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 165.25 ($2.05).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 265.50 on Friday. The firm has a 50 day moving average of GBX 206.43 and a 200 day moving average of GBX 167.09. The firm’s market cap is GBX 1.19 billion. KAZ Minerals PLC has a 52 week low of GBX 75.00 and a 52 week high of GBX 270.30.
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In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of the company’s 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).
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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