JP Morgan reiterated Kaz Minerals PLC (LON:KAZ) as ‘Underweight’ With 215 PT

KAZ Minerals Begins Testing And Commissioning At Aktogay

According to a report issued to investors by JP Morgan on Monday, shares of Kaz Minerals PLC (LON:KAZ) had their rating reiterated by analysts to ‘Underweight’.

The analyst stated that the investment firm has set a price target of 215 on shares of LON:KAZ. Based on the brokers price target of 215, this means JP Morgan believes there is a potential decrease of -24.05% from the current stock price of 283.09.

Kaz Minerals PLC has 446,517,000 shares which are currently outstanding with shareholders and have a price of 283.09 bringing Kaz Minerals PLC’s market capitalisation to 1.26B GBP.

Kaz Minerals PLC Share Chart Over Twelve Months

The company’s 50 day moving average is 247.17 and its 200 day moving average is 179.78. The 52 week high Kaz Minerals PLC’s shares have reached is 309.28 whilst the 52 week low for the company’s shares is 75.

KAZ Minerals PLC is an investment holding company principally engaged in mining businesses. The Company operates through three segments. East Region Operations segment is mainly engaged in the mining, processing, marketing and sales of copper and other metals. Other metals include gold, silver and zinc concentrate, among others. Bozymchak segment is engaged in the operation of Bozymchak gold-copper mine. Mining Projects segment is engaged in the operation of other major projects, including Aktogay, Bozshakol and Koksay.
By Warren Smith / in UK Broker Ratings / on Tuesday, 08 Nov 2016