KAZ Minerals PLC (KAZ) Stock Rating Reaffirmed by Macquarie
KAZ Minerals PLC (LON:KAZ)‘s stock had its “outperform” rating restated by investment analysts at Macquarie in a research note issued on Tuesday. They currently have a GBX 460 ($5.65) price target on the copper miner’s stock. Macquarie’s target price suggests a potential upside of 28.78% from the stock’s previous close.
KAZ has been the subject of several other reports. BNP Paribas restated a “neutral” rating and issued a GBX 200 ($2.46) price objective on shares of KAZ Minerals PLC in a research note on Thursday, October 6th. Canaccord Genuity restated a “hold” rating and issued a GBX 155 ($1.90) price objective on shares of KAZ Minerals PLC in a research note on Friday, October 28th. Jefferies Group upped their price objective on KAZ Minerals PLC from GBX 240 ($2.95) to GBX 300 ($3.69) and gave the stock a “hold” rating in a research note on Thursday, November 10th. Deutsche Bank AG lowered KAZ Minerals PLC to a “sell” rating and upped their price objective for the stock from GBX 223 ($2.74) to GBX 240 ($2.95) in a research note on Wednesday, December 7th. Finally, HSBC assumed coverage on KAZ Minerals PLC in a research note on Tuesday, November 15th. They issued a “reduce” rating and a GBX 100 ($1.23) price objective for the company. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 212 ($2.61).
KAZ Minerals PLC (LON:KAZ) opened at 357.20 on Tuesday. 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 1.59 billion. The firm has a 50-day moving average price of GBX 370.19 and a 200 day moving average price of GBX 238.62.
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.