Brokerages Set KAZ Minerals PLC (KAZ) Price Target at $320.00

Kaz Minerals Narrows 2017 Copper Guidance As Profit Grows

Shares of KAZ Minerals PLC (LON:KAZ) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 320 ($3.97).

A number of brokerages have recently weighed in on KAZ. JPMorgan Chase & Co. reissued a “neutral” rating on shares of KAZ Minerals PLC in a report on Friday, February 24th. Citigroup Inc reissued a “buy” rating on shares of KAZ Minerals PLC in a report on Monday, February 20th. HSBC Holdings plc lowered shares of KAZ Minerals PLC to a “reduce” rating and lowered their price target for the company from GBX 440 ($5.46) to GBX 400 ($4.97) in a report on Monday, February 27th. Deutsche Bank AG upped their price target on shares of KAZ Minerals PLC from GBX 260 ($3.23) to GBX 350 ($4.35) and gave the company a “sell” rating in a report on Friday, March 17th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 370 ($4.59) price target on shares of KAZ Minerals PLC in a report on Monday, February 6th.

Shares of KAZ Minerals PLC (LON:KAZ) traded up 1.52% during midday trading on Monday, hitting GBX 455.30. The stock had a trading volume of 1,654,182 shares. KAZ Minerals PLC has a 52-week low of GBX 115.84 and a 52-week high of GBX 610.00. The stock’s market cap is GBX 2.03 billion. The firm has a 50 day moving average price of GBX 493.26 and a 200-day moving average price of GBX 400.58.

About KAZ Minerals PLC

KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan.

Share