KAZ Minerals PLC’s (KAZ) Neutral Rating Reiterated at JPMorgan Chase & Co.
KAZ Minerals PLC (LON:KAZ)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday.
Several other analysts also recently issued reports on KAZ. Canaccord Genuity reissued a “hold” rating and set a GBX 155 ($1.97) target price on shares of KAZ Minerals PLC in a research note on Thursday, August 18th. Halyk Finance reaffirmed an “under review” rating on shares of KAZ Minerals PLC in a research note on Thursday, August 18th. Credit Suisse Group AG raised KAZ Minerals PLC to an “outperform” rating and lifted their price objective for the stock from GBX 165 ($2.09) to GBX 250 ($3.17) in a research note on Friday, August 19th. Peel Hunt raised KAZ Minerals PLC to an “add” rating and lifted their price objective for the stock from GBX 160 ($2.03) to GBX 200 ($2.54) in a research note on Friday, August 19th. Finally, Deutsche Bank AG lifted their price objective on KAZ Minerals PLC from GBX 183 ($2.32) to GBX 189 ($2.40) and gave the stock a “hold” rating in a research note on Friday, August 19th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. KAZ Minerals PLC presently has an average rating of “Hold” and a consensus target price of GBX 198 ($2.51).
KAZ Minerals PLC (LON:KAZ) opened at 372.90 on Wednesday. The company’s 50 day moving average price is GBX 348.93 and its 200-day moving average price is GBX 220.95. KAZ Minerals PLC has a one year low of GBX 83.62 and a one year high of GBX 431.10. The company’s market cap is GBX 1.67 billion.
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.