Kaz Minerals Plc (NASDAQ:KZMYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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 (NASDAQ:KZMYY) traded down 2.60% during midday trading on Thursday, reaching $5.62. 2,000 shares of the company traded hands. The stock has a market capitalization of $5.02 billion and a price-to-earnings ratio of 17.37. The firm has a 50 day moving average of $1.39 and a 200-day moving average of $1.78. Kaz Minerals Plc has a 12 month low of $2.45 and a 12 month high of $5.77.

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