Kaz Minerals PlC (KAZ) Pt Raised To GBX 215 At Jpmorgan Chase & Co.

KAZ Minerals Begins Testing And Commissioning At Aktogay

KAZ Minerals PLC (LON:KAZ) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 150 ($1.86) to GBX 215 ($2.66) in a report released on Monday. The firm presently has an “underweight” rating on the copper miner’s stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 27.73% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Macquarie reiterated an “outperform” rating and set a GBX 250 ($3.10) price target on shares of KAZ Minerals PLC in a research report on Wednesday, September 21st. Deutsche Bank AG restated a “hold” rating on shares of KAZ Minerals PLC in a research report on Monday, July 11th. Halyk Finance restated an “under review” rating on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Canaccord Genuity upgraded KAZ Minerals PLC to a “hold” rating and lifted their price objective for the stock from GBX 120 ($1.49) to GBX 130 ($1.61) in a research report on Monday, July 11th. Finally, Jefferies Group lifted their price objective on KAZ Minerals PLC from GBX 200 ($2.48) to GBX 240 ($2.97) and gave the stock a “hold” rating in a research report on Friday, October 14th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 172.13 ($2.13).

KAZ Minerals PLC (LON:KAZ) opened at 306.50 on Monday. The stock’s 50 day moving average price is GBX 254.16 and its 200 day moving average price is GBX 181.21. KAZ Minerals PLC has a 52-week low of GBX 75.00 and a 52-week high of GBX 312.00. The stock’s market capitalization is GBX 1.37 billion.

In other news, insider Heale,Simon acquired 28,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were purchased at an average price of GBX 176 ($2.18) per share, for a total transaction of £49,280 ($61,042.98).

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