Rating of The Day: HSBC: Time To Buy Kaz Minerals PLC (LON:KAZ)?

KAZ Minerals Begins Testing And Commissioning At Aktogay

Why HSBC Gives Kaz Minerals PLC (LON:KAZ) GBX 100.00 Price Target

Research analysts at HSBC began coverage on Kaz Minerals PLC (LON:KAZ) with a Reduce rating. The target for KAZ is set to GBX 100.00. It would suggest a potential downside of -70.38% from company’s last close price.

KAZ Minerals PLC (LON:KAZ) Ratings Coverage

Out of 20 analysts covering Kaz Minerals PLC (LON:KAZ), 3 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 15% are positive. GBX 460 is the highest target while GBX 50 is the lowest. The GBX 187.45 average target is -44.08% below today’s (GBX 335.21) stock price. Kaz Minerals PLC has been the topic of 156 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Jefferies maintained the shares of KAZ in a report on Friday, August 21 with “Hold” rating. On Thursday, February 25 the stock rating was maintained by Barclays Capital with “Underweight”. The rating was maintained by Canaccord Genuity on Wednesday, August 10 with “Hold”. The rating was downgraded by JP Morgan on Monday, January 18 to “Neutral”. Macquarie Research maintained KAZ Minerals PLC (LON:KAZ) rating on Monday, November 23. Macquarie Research has “Outperform” rating and GBX 210 price target. Deutsche Bank maintained the stock with “Hold” rating in Monday, July 4 report. The rating was maintained by JP Morgan on Friday, January 29 with “Neutral”. On Monday, November 16 the stock rating was maintained by Macquarie Research with “Outperform”. As per Monday, June 6, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating given on Thursday, August 18 by Canaccord Genuity.

About 2.36M shares traded hands or 3.96% up from the average. KAZ Minerals PLC (LON:KAZ) has risen 109.37% since April 15, 2016 and is uptrending. It has outperformed by 105.44% the S&P500.

KAZ Minerals PLC is an investment holding firm principally engaged in mining businesses. The company has a market cap of 1.49 billion GBP. The Firm operates through three divisions. It has a 25.48 P/E ratio. East Region Operations segment is mainly engaged in the mining, processing, marketing and sales of copper and other metals.

November 15, 2016 – By Peter Erickson