UBS upgraded Kaz Minerals (LON:KAZ) to ‘Buy’ With 270 PT

UBS upgraded Kaz Minerals (LON:KAZ) to ‘Buy’ With 270 PTAccording to a report issued to investors by UBS on Monday, shares of Kaz Minerals (LON:KAZ) had their rating upgraded by analysts to ‘Buy’.

The analyst stated that the investment firm has set a price target of 270 on shares of LON:KAZ. Based on the brokers price target of 270, this means UBS believes there is a potential increase of 38.96% from the current stock price of 194.3.

Kaz Minerals has 446,517,000 shares which are currently outstanding with shareholders and have a price of 194.3 bringing Kaz Minerals’s market capitalisation to 867.58M GBP.

The company’s 50 day moving average is 149.19 and its 200 day moving average is 152.85. The 52 week high Kaz Minerals’s shares have reached is 200.75 whilst the 52 week low for the company’s shares 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.

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