KAZ Minerals (LON:KAZ) was downgraded by analysts at Redburn Partners to a “neutral” rating in a note issued to investors on Thursday.
Other research analysts also recently issued reports about the stock. Peel Hunt increased their price objective on shares of KAZ Minerals from GBX 820 ($10.71) to GBX 840 ($10.98) and gave the company a “buy” rating in a research note on Thursday, January 24th. HSBC increased their price objective on shares of KAZ Minerals from GBX 560 ($7.32) to GBX 600 ($7.84) and gave the company a “buy” rating in a research note on Wednesday, October 31st. Deutsche Bank reiterated a “hold” rating on shares of KAZ Minerals in a research note on Monday, October 15th. Liberum Capital reiterated a “hold” rating on shares of KAZ Minerals in a research note on Tuesday, January 15th. Finally, Goldman Sachs Group reduced their price objective on shares of KAZ Minerals from GBX 575 ($7.51) to GBX 550 ($7.19) and set a “neutral” rating on the stock in a research note on Friday, January 18th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 693.08 ($9.06).
LON KAZ opened at GBX 620.80 ($8.11) on Thursday. KAZ Minerals has a 12 month low of GBX 413.10 ($5.40) and a 12 month high of GBX 974.20 ($12.73).
About KAZ Minerals
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern Kazakhstan; three underground mines and concentrators located in the eastern region of Kazakhstan; and the Bozymchak copper-gold open pit mine located in western Kyrgyzstan.
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