KAZ Minerals PLC (KAZ) Rating Reiterated by Liberum Capital
KAZ Minerals PLC (LON:KAZ)‘s stock had its “sell” rating reissued by analysts at Liberum Capital in a note issued to investors on Thursday. They presently have a GBX 385 ($5.00) target price on the copper miner’s stock. Liberum Capital’s target price would suggest a potential downside of 46.23% from the stock’s current price.
A number of other research analysts have also recently commented on the stock. HSBC Holdings plc upgraded shares of KAZ Minerals PLC to a “hold” rating in a research note on Wednesday, April 19th. J P Morgan Chase & Co restated an “overweight” rating on shares of KAZ Minerals PLC in a research note on Friday, April 28th. Macquarie restated an “outperform” rating on shares of KAZ Minerals PLC in a research note on Monday, June 19th. Credit Suisse Group upgraded shares of KAZ Minerals PLC to an “outperform” rating in a research note on Friday, June 2nd. Finally, Canaccord Genuity restated a “buy” rating on shares of KAZ Minerals PLC in a research note on Friday, May 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. KAZ Minerals PLC has a consensus rating of “Hold” and an average target price of GBX 346.54 ($4.50).
Shares of KAZ Minerals PLC (LON KAZ) traded up 1.42% during mid-day trading on Thursday, hitting GBX 716.00. The stock had a trading volume of 1,497,922 shares. The firm has a 50 day moving average of GBX 643.36 and a 200 day moving average of GBX 531.47. KAZ Minerals PLC has a one year low of GBX 168.02 and a one year high of GBX 752.50. The stock’s market cap is GBX 3.20 billion.
About KAZ Minerals PLC
KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan.
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