KAZ Minerals PLC (KAZ) Given Consensus Recommendation of “Hold” by Brokerages

Kaz Minerals Narrows 2017 Copper Guidance As Profit Grows

KAZ Minerals PLC (LON:KAZ) has been given an average rating of “Hold” by the sixteen ratings firms that are covering the company. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 196.92 ($2.50).

Several equities research analysts have recently issued reports on KAZ shares. Macquarie restated an “outperform” rating and set a GBX 250 ($3.17) price objective on shares of KAZ Minerals PLC in a report on Wednesday, September 21st. Liberum Capital restated a “sell” rating and set a GBX 100 ($1.27) price objective on shares of KAZ Minerals PLC in a report on Thursday, October 27th. BNP Paribas upgraded KAZ Minerals PLC to an “outperform” rating in a report on Thursday, December 1st. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 275 ($3.49) target price on shares of KAZ Minerals PLC in a report on Thursday, October 27th. Finally, HSBC began coverage on KAZ Minerals PLC in a report on Tuesday, November 15th. They issued a “reduce” rating and a GBX 100 ($1.27) target price on the stock.

Shares of KAZ Minerals PLC (LON:KAZ) opened at 387.70 on Friday. The stock’s market cap is GBX 1.73 billion. KAZ Minerals PLC has a one year low of GBX 83.62 and a one year high of GBX 431.10. The firm’s 50-day moving average price is GBX 342.88 and its 200 day moving average price is GBX 217.89.

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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