Vedanta Resources plc (NASDAQ:VDNRF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $12.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 2.56% from the stock’s previous close.

According to Zacks, “Vedanta Resources plc is engaged in exploring, extracting and processing minerals, and oil and gas. It produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power. The company operates primarily in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates. Vedanta Resources plc is headquartered in London, the United Kingdom. “

Vedanta Resources plc (NASDAQ VDNRF) traded down 0.85% during mid-day trading on Thursday, reaching $11.60. 100 shares of the company’s stock traded hands. Vedanta Resources plc has a 12-month low of $6.45 and a 12-month high of $13.58. The stock has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.27. The stock’s market capitalization is $3.23 billion.

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About Vedanta Resources plc

Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.

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