KAZ Minerals (LON:KAZ) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 590 ($7.71) to GBX 575 ($7.51) in a report released on Thursday, Digital Look reports. The brokerage presently has a “neutral” rating on the copper miner’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 30.21% from the stock’s current price.
KAZ has been the topic of several other reports. Royal Bank of Canada lifted their price objective on shares of KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a “sector performer” rating in a research report on Friday, June 28th. Barclays reiterated an “overweight” rating and issued a GBX 750 ($9.80) price objective on shares of KAZ Minerals in a research report on Friday, August 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 755 ($9.87) price objective on shares of KAZ Minerals in a research report on Thursday, August 15th. Liberum Capital reiterated a “hold” rating on shares of KAZ Minerals in a research report on Tuesday, July 16th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 755 ($9.87) price objective on shares of KAZ Minerals in a research report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 705.45 ($9.22).
LON:KAZ traded up GBX 8.50 ($0.11) during mid-day trading on Thursday, hitting GBX 441.60 ($5.77). The stock had a trading volume of 1,286,306 shares, compared to its average volume of 2,660,000. The stock has a market capitalization of $2.04 billion and a price-to-earnings ratio of 4.47. The company has a 50 day simple moving average of GBX 479.98 and a 200-day simple moving average of GBX 578.50. KAZ Minerals has a 52 week low of GBX 375.80 ($4.91) and a 52 week high of GBX 744.80 ($9.73). The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 185.76.
In other KAZ Minerals news, insider Andrew Southam sold 147,608 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of GBX 398 ($5.20), for a total transaction of £587,479.84 ($767,646.47). Also, insider Charles Watson bought 3,246 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 452 ($5.91) per share, for a total transaction of £14,671.92 ($19,171.46).
KAZ Minerals Company Profile
KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of 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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