Insider Buying: KAZ Minerals PLC (KAZ) Insider Buys 77 Shares of Stock
KAZ Minerals PLC (LON:KAZ) insider Southam, Andrew bought 77 shares of KAZ Minerals PLC stock in a transaction that occurred on Monday, August 22nd. The stock was purchased at an average cost of GBX 195 ($2.56) per share, with a total value of £150.15 ($197.28).
Several equities research analysts recently issued reports on KAZ shares. Deutsche Bank AG reissued a “hold” rating on shares of KAZ Minerals PLC in a report on Monday, July 11th. Halyk Finance reaffirmed an “under review” rating on shares of KAZ Minerals PLC in a report on Thursday, August 18th. Canaccord Genuity raised shares of KAZ Minerals PLC to a “hold” rating and increased their price objective for the company from GBX 120 ($1.58) to GBX 130 ($1.71) in a report on Monday, July 11th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 120 ($1.58) price objective on shares of KAZ Minerals PLC in a report on Monday, June 27th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of KAZ Minerals PLC in a report on Friday, July 15th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 151.71 ($1.99).
KAZ Minerals PLC (LON:KAZ) traded down 3.14% during mid-day trading on Wednesday, hitting GBX 185.00. The stock had a trading volume of 2,143,075 shares. The firm’s 50-day moving average price is GBX 151.42 and its 200 day moving average price is GBX 153.61. KAZ Minerals PLC has a one year low of GBX 65.10 and a one year high of GBX 200.75. The company’s market cap is GBX 826.06 million.
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.