KAZ Minerals PLC’s (KAZ) Equal weight Rating Reaffirmed at Barclays PLC

KAZ Minerals Begins Testing And Commissioning At Aktogay

KAZ Minerals PLC (LON:KAZ)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a report issued on Thursday.

Other research analysts also recently issued reports about the stock. Canaccord Genuity restated a “hold” rating and issued a GBX 155 ($1.92) price target on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Jefferies Group reiterated a “hold” rating on shares of KAZ Minerals PLC in a research report on Friday, July 15th. Halyk Finance reiterated an “under review” rating on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Peel Hunt downgraded shares of KAZ Minerals PLC to a “hold” rating and lifted their price objective for the company from GBX 200 ($2.48) to GBX 275 ($3.41) in a research report on Wednesday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of KAZ Minerals PLC from GBX 150 ($1.86) to GBX 215 ($2.66) and gave the company an “underweight” rating in a research report on Monday. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 172.13 ($2.13).

KAZ Minerals PLC (LON:KAZ) opened at 318.60 on Thursday. KAZ Minerals PLC has a 52 week low of GBX 75.00 and a 52 week high of GBX 318.60. The firm’s market capitalization is GBX 1.42 billion. The stock’s 50 day moving average is GBX 255.90 and its 200-day moving average is GBX 182.18.

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

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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