KAZ Minerals PLC (KAZ) Price Target Raised to GBX 365

KAZ Minerals Begins Testing And Commissioning At Aktogay

KAZ Minerals PLC (LON:KAZ) had its price objective raised by equities research analysts at Peel Hunt from GBX 275 ($3.41) to GBX 365 ($4.53) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the copper miner’s stock. Peel Hunt’s target price indicates a potential downside of 2.38% from the stock’s current price.

KAZ has been the topic of several other research reports. Macquarie reissued an “outperform” rating and issued a GBX 250 ($3.10) target price on shares of KAZ Minerals PLC in a research note on Wednesday, September 21st. Liberum Capital restated a “sell” rating and issued a GBX 100 ($1.24) price target on shares of KAZ Minerals PLC in a report on Thursday, October 27th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 275 ($3.41) price target on shares of KAZ Minerals PLC in a report on Thursday, October 27th. HSBC began coverage on shares of KAZ Minerals PLC in a report on Tuesday, November 15th. They issued a “reduce” rating and a GBX 100 ($1.24) price target on the stock. Finally, Jefferies Group upped their price target on shares of KAZ Minerals PLC from GBX 150 ($1.86) to GBX 200 ($2.48) and gave the stock a “hold” rating in a report on Tuesday, August 23rd. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 189.60 ($2.35).

KAZ Minerals PLC (LON:KAZ) opened at 374.20 on Tuesday. The stock’s market capitalization is GBX 1.67 billion. KAZ Minerals PLC has a one year low of GBX 83.62 and a one year high of GBX 378.90. The firm has a 50-day moving average of GBX 305.87 and a 200 day moving average of GBX 199.56.

In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of KAZ Minerals PLC stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 176 ($2.18) per share, with a total value of £49,280 ($61,133.85).

KAZ Minerals PLC Company Profile

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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