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

Shares of Kaz Minerals Plc (NASDAQ KZMYY) remained flat at $4.83 during midday trading on Thursday. Kaz Minerals Plc has a 52-week low of $1.16 and a 52-week high of $2.47. The firm has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.78. The firm has a market cap of $4.31 billion and a PE ratio of 14.93.

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