Kaz Minerals PLC (LON:KAZ) Receives ‘Outperform’ Rating From Brokers At Exane BNP Paribas

KAZ Minerals Begins Testing And Commissioning At Aktogay

Kaz Minerals PLC (LON:KAZ) yesterday was the subject of a new research report issued by Exane BNP Paribas in which it was upgraded as ‘Outperform’ by analysts at the firm.

Exane BNP Paribas noted a target price of 450 on Kaz Minerals PLC’s shares. According to this price target, it now means the analyst believes there is a potential increase of 26.55% from the company’s current share price of 355.6.

Today there are 446,517,000 shares in issue of Kaz Minerals PLC which are currently trading at 355.6 which brings the business’s market capitalisation to 1.59B GBP.

The 50 day moving average of Kaz Minerals PLC (LON:KAZ) is 305.87 whilst its 200 day moving average is 199.56. The highest share price LON:KAZ shares have reached in the prior twelve months is 378.9 with the lowest being 83.62.

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.