KAZ Minerals PLC (KAZ) Receives Average Recommendation of “Hold” from Brokerages
KAZ Minerals PLC (LON:KAZ) has earned a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 459.17 ($6.06).
Several research firms have weighed in on KAZ. Deutsche Bank AG raised their price target on KAZ Minerals PLC from GBX 400 ($5.28) to GBX 500 ($6.60) and gave the company a “sell” rating in a report on Friday, August 18th. Liberum Capital restated a “sell” rating and set a GBX 385 ($5.08) price target on shares of KAZ Minerals PLC in a report on Thursday, August 17th. Macquarie cut KAZ Minerals PLC to a “neutral” rating in a report on Monday, August 14th. Peel Hunt restated a “buy” rating on shares of KAZ Minerals PLC in a report on Thursday, August 17th. Finally, HSBC Holdings plc raised their price target on KAZ Minerals PLC from GBX 430 ($5.67) to GBX 490 ($6.47) and gave the company a “reduce” rating in a report on Friday, August 18th.
Shares of KAZ Minerals PLC (LON:KAZ) opened at 838.00 on Wednesday. The company has a 50-day moving average price of GBX 796.44 and a 200-day moving average price of GBX 642.39. The company’s market cap is GBX 3.74 billion. KAZ Minerals PLC has a 52-week low of GBX 270.86 and a 52-week high of GBX 893.00.
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About KAZ Minerals PLC
KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan.
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