KAZ Minerals PLC (KAZ) Cut to “Hold” at Peel Hunt

KAZ Minerals Begins Testing And Commissioning At Aktogay

KAZ Minerals PLC (LON:KAZ) was downgraded by research analysts at Peel Hunt to a “hold” rating in a note issued to investors on Wednesday. They presently have a GBX 275 ($3.36) price objective on the copper miner’s stock, up from their prior price objective of GBX 200 ($2.44). Peel Hunt’s price objective would suggest a potential downside of 3.71% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Macquarie reissued an “outperform” rating and set a GBX 250 ($3.05) target price on shares of KAZ Minerals PLC in a research report on Wednesday, September 21st. Deutsche Bank AG reaffirmed 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 raised their price target for the stock from GBX 120 ($1.47) to GBX 130 ($1.59) in a report on Monday, July 11th. Finally, Jefferies Group raised their price target on shares of KAZ Minerals PLC from GBX 200 ($2.44) to GBX 240 ($2.93) and gave the stock a “hold” rating in a report on Friday, October 14th. 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 stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 168.06 ($2.05).

KAZ Minerals PLC (LON:KAZ) opened at 285.60 on Wednesday. KAZ Minerals PLC has a 12-month low of GBX 75.00 and a 12-month high of GBX 309.28. The stock’s 50 day moving average is GBX 239.60 and its 200 day moving average is GBX 177.61. The stock’s market capitalization is GBX 1.28 billion.

In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were purchased at an average cost of GBX 176 ($2.15) per share, with a total value of £49,280 ($60,163.59).

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.

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