KAZ Minerals PLC (KAZ) Earns Outperform Rating from Macquarie
KAZ Minerals PLC (LON:KAZ)‘s stock had its “outperform” rating reissued by investment analysts at Macquarie in a note issued to investors on Monday. They currently have a GBX 250 ($3.09) price target on the copper miner’s stock. Macquarie’s target price indicates a potential downside of 3.18% from the company’s previous close.
KAZ has been the topic of a number of other research reports. Jefferies Group reiterated a “hold” rating on shares of KAZ Minerals PLC in a research note on Friday, July 15th. Barclays PLC reiterated an “underweight” rating and set a GBX 130 ($1.61) price objective (up previously from GBX 70 ($0.87)) on shares of KAZ Minerals PLC in a research note on Monday, July 18th. BNP Paribas reiterated a “neutral” rating and set a GBX 200 ($2.48) price objective on shares of KAZ Minerals PLC in a research note on Thursday, October 6th. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 150 ($1.86) price objective on shares of KAZ Minerals PLC in a research note on Thursday, June 30th. Finally, Peel Hunt upgraded shares of KAZ Minerals PLC to an “add” rating and raised their price objective for the company from GBX 160 ($1.98) to GBX 200 ($2.48) in a research note on Friday, August 19th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 165.25 ($2.05).
KAZ Minerals PLC (LON:KAZ) opened at 264.20 on Monday. KAZ Minerals PLC has a one year low of GBX 75.00 and a one year high of GBX 270.30. The firm’s market capitalization is GBX 1.18 billion. The firm has a 50-day moving average price of GBX 208.41 and a 200 day moving average price of GBX 167.72.
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In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were acquired at an average price of GBX 176 ($2.18) per share, for a total transaction 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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