Kaz Minerals PLC (LON:KAZ) Issued With ‘Hold’ Rating At Deutsche Bank

Kaz Minerals PLC (LON:KAZ) Issued With ‘Hold’ Rating At Deutsche BankFollowing an update released by analysts at Deutsche Bank on Monday the broker has now set a ‘Hold’ rating on shares of Kaz Minerals PLC (LON:KAZ) with a price target of 189.

On Monday Deutsche Bank retained its target for shares of Kaz Minerals PLC as ‘Hold’ recommending a target price of 189 for investors; potentially meaning there is an increase of 6.12% from Kaz Minerals PLC’s share price of 178.1.

Kaz Minerals PLC has 446,517,000 shares currently held by shareholders which currently trade around the 178.1 mark which totals Kaz Minerals PLC’s market capitalisation to 795.25M GBP.

The business has a 50 day moving average of 161.14 and a 200 day moving average of 156.4 whilst the 52 week high shares of Kaz Minerals PLC have reached is 200.75 and the 52 week low 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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