KAZ Minerals PLC (KAZ) Rating Reiterated by Credit Suisse Group AG
KAZ Minerals PLC (LON:KAZ)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research note issued on Thursday. They presently have a GBX 275 ($3.35) target price on the copper miner’s stock. Credit Suisse Group AG’s price objective suggests a potential downside of 7.16% from the stock’s current price.
Several other research analysts have also recently weighed in on KAZ. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 170 ($2.07) target price on shares of KAZ Minerals PLC in a research note on Monday, July 4th. Jefferies Group reduced their target price on KAZ Minerals PLC from GBX 170 ($2.07) to GBX 150 ($1.83) and set a “hold” rating for the company in a report on Thursday, July 7th. Canaccord Genuity raised KAZ Minerals PLC to a “hold” rating and upped their target price for the company from GBX 120 ($1.46) to GBX 130 ($1.58) in a report on Monday, July 11th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 130 ($1.58) target price (up from GBX 70 ($0.85)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 150 ($1.83) target price on shares of KAZ Minerals PLC in a report on Friday, July 29th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 163.38 ($1.99).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 292.004 on Thursday. The stock’s market cap is GBX 1.30 billion. KAZ Minerals PLC has a one year low of GBX 75.00 and a one year high of GBX 309.28. The stock’s 50 day moving average price is GBX 234.41 and its 200-day moving average price is GBX 175.76.
About KAZ Minerals PLC
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.