Kaz Minerals Plc (KAZ) Upgraded At Peel Hunt

KAZ Minerals: Appointment Of Chief Financial Officer And Independent Non-executive Director

Peel Hunt upgraded shares of KAZ Minerals PLC (LON:KAZ) to an add rating in a research report report published on Wednesday morning.

Several other research analysts also recently commented on KAZ. Macquarie raised their price objective on shares of KAZ Minerals PLC from GBX 200 ($2.41) to GBX 260 ($3.14) and gave the stock an outperform rating in a report on Thursday, September 15th. Barclays PLC raised shares of KAZ Minerals PLC to an equal weight rating and raised their price objective for the stock from GBX 130 ($1.57) to GBX 210 ($2.53) in a report on Wednesday, September 21st. Deutsche Bank AG raised their price objective on shares of KAZ Minerals PLC from GBX 189 ($2.28) to GBX 214 ($2.58) and gave the stock a hold rating in a report on Wednesday, October 5th. BNP Paribas reaffirmed a neutral rating and issued a GBX 200 ($2.41) price objective on shares of KAZ Minerals PLC in a report on Thursday, October 6th. Finally, Jefferies Group raised their price objective on shares of KAZ Minerals PLC from GBX 200 ($2.41) to GBX 240 ($2.90) and gave the stock a hold rating in a report on Friday, October 14th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 198 ($2.39).

Shares of KAZ Minerals PLC (LON:KAZ) opened at 416.3888 on Wednesday. The company’s market cap is GBX 1.86 billion. KAZ Minerals PLC has a 1-year low of GBX 83.63 and a 1-year high of GBX 438.30. The firm’s 50 day moving average is GBX 381.77 and its 200-day moving average is GBX 257.72.

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.

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