Kaz Minerals (LON:KAZ) Receives Buy Rating From UBS Analysts
Kaz Minerals (LON:KAZ) had its stock rating upgraded as ‘Buy’ in a report released by analysts at UBS.
UBS today set a target price of 270 on the company’s stock. According to the analyst this now indicates there is a potential increase of 38.82% from Kaz Minerals’s current price of 194.5.
There are currently 446,517,000 shares in issue with a current share value of 194.5 giving Kaz Minerals a market capitalisation of 868.48M GBp .
Kaz Minerals (LON:KAZ) has a 50 day moving average of 149.19 and a 200 day moving average of 152.85. The 52 week high for the share price is 200.75 while the 52 week low for the stock is 65.1.
KAZ Minerals PLC, formerly Kazakhmys PLC, is a United Kingdom-based copper company. The Company is focused on open-pit mining in Kazakhstan. The Company operates through three segments: East Region operations, Mining Projects and Bozymchak. The East Region operations segment consists of the Company’s primary operating entity, Vostoktsvetmet LLC, engaged in the mining and processing of copper and other metals, which are produced as by-products and located in Kazakhstan, and the associated international sales and marketing activities managed out of the United Kingdom. The Mining Projects segment consists of the development of the Company’s projects, including Aktogay, Bozshakol and Koksay. The Bozymchak segment consists Bozymchak gold-copper mine and concentrator located in Kyrgyzstan and the associated international sales and marketing activities managed out of the United Kingdom.