Kaz Minerals reiterated as Outperform By Macquarie

Kaz Minerals reiterated as Outperform By MacquarieIn an analyst rating update on Monday shares of Kaz Minerals (LON:KAZ) had their rating reiterated by analysts at Macquarie.

KAZ Minerals PLC (LON:KAZ)‘s stock had its “outperform” rating reissued by investment analysts at Macquarie in a report issued on Monday. They currently have a GBX 200 ($2.62) target price on the copper miner’s stock. Macquarie’s price target would suggest a potential upside of 12.30% from the stock’s current price.

In related news, insider Heale,Simon purchased 28,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,452.00).

Several other analysts also recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and set a GBX 189 ($2.47) price objective on shares of KAZ Minerals PLC in a research report on Monday. Jefferies Group boosted their price objective on shares of KAZ Minerals PLC from GBX 150 ($1.96) to GBX 200 ($2.62) and gave the stock a “hold” rating in a research report on Tuesday, August 23rd. Peel Hunt upgraded shares of KAZ Minerals PLC to an “add” rating and boosted their price objective for the stock from GBX 160 ($2.09) to GBX 200 ($2.62) in a research report on Friday, August 19th. Credit Suisse Group AG upgraded shares of KAZ Minerals PLC to an “outperform” rating and boosted their price objective for the stock from GBX 165 ($2.16) to GBX 250 ($3.27) in a research report on Friday, August 19th. Finally, Halyk Finance restated an “under review” rating on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 151.71 ($1.98).

Shares of KAZ Minerals PLC (LON:KAZ) opened at 184.0055 on Monday. The company’s 50-day moving average is GBX 161.14 and its 200 day moving average is GBX 156.40. The firm’s market cap is GBX 821.62 million. KAZ Minerals PLC has a 52-week low of GBX 65.10 and a 52-week high of GBX 200.75.

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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