KAZ Minerals PLC (KAZ) Price Target Raised to GBX 490
KAZ Minerals PLC (LON:KAZ) had its price objective increased by HSBC Holdings plc from GBX 430 ($5.58) to GBX 490 ($6.36) in a report released on Friday. They currently have a reduce rating on the copper miner’s stock.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity reissued a buy rating on shares of KAZ Minerals PLC in a research note on Friday, May 12th. Credit Suisse Group reissued an outperform rating on shares of KAZ Minerals PLC in a research note on Friday, June 9th. Deutsche Bank AG raised their target price on shares of KAZ Minerals PLC from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the company a sell rating in a research note on Thursday, July 13th. Peel Hunt reissued a buy rating on shares of KAZ Minerals PLC in a research note on Friday, June 9th. Finally, Liberum Capital reissued a sell rating and issued a GBX 130 ($1.69) target price on shares of KAZ Minerals PLC in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 346.54 ($4.50).
KAZ Minerals PLC (KAZ) opened at 716.00 on Friday. The company’s 50-day moving average is GBX 643.36 and its 200 day moving average is GBX 531.47. The firm’s market capitalization is GBX 3.20 billion. KAZ Minerals PLC has a 1-year low of GBX 168.02 and a 1-year high of GBX 752.50.
KAZ Minerals PLC Company Profile
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.