Kaz Minerals Plc (NASDAQ:KZMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage currently has a $6.50 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.66% from the stock’s previous close.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Kaz Minerals Plc (KZMYY) opened at 5.62 on Friday. The stock’s 50 day moving average is $1.39 and its 200 day moving average is $1.78. Kaz Minerals Plc has a 12 month low of $2.45 and a 12 month high of $5.77. The firm has a market cap of $5.02 billion and a PE ratio of 17.37.

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