KAZ Minerals PLC (KAZ) Upgraded to “Outperform” by Credit Suisse Group AG

KAZ Minerals PLC (KAZ) Upgraded to “Outperform” by Credit Suisse Group AGCredit Suisse Group AG upgraded shares of KAZ Minerals PLC (LON:KAZ) to an outperform rating in a report issued on Friday morning. The firm currently has GBX 250 ($3.22) price objective on the copper miner’s stock, up from their prior price objective of GBX 165 ($2.12).

Shares of KAZ Minerals PLC (LON:KAZ) opened at 194.50 on Friday. The firm’s market capitalization is GBX 868.48 million. The stock’s 50 day moving average price is GBX 149.19 and its 200-day moving average price is GBX 152.85. KAZ Minerals PLC has a 12 month low of GBX 65.10 and a 12 month high of GBX 200.75.

KAZ has been the topic of several other reports. Jefferies Group restated a hold rating on shares of KAZ Minerals PLC in a report on Friday, July 15th. JPMorgan Chase & Co. raised their target price on KAZ Minerals PLC from GBX 125 ($1.61) to GBX 130 ($1.67) and gave the company an underweight rating in a report on Thursday, May 19th. Barclays PLC restated an underweight rating and set a GBX 130 ($1.67) target price (up from GBX 70 ($0.90)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Deutsche Bank AG reiterated a hold rating on shares of KAZ Minerals PLC in a research note on Monday, June 6th. Finally, Peel Hunt upgraded KAZ Minerals PLC to a hold rating and lifted their price objective for the stock from GBX 115 ($1.48) to GBX 160 ($2.06) in a research note on Thursday, May 5th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 148.76 ($1.92).

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.

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