Kaz Minerals Plc (NASDAQ:KZMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $6.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 24.22% from the company’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. “

Shares of Kaz Minerals Plc (KZMYY) remained flat at $4.83 during mid-day trading on Friday. The stock has a market cap of $4.31 billion and a P/E ratio of 14.93. The stock 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 $1.16 and a 12 month high of $2.47.

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