KAZ Minerals PLC (KAZ) Price Target Raised to GBX 260 at Macquarie
KAZ Minerals PLC (LON:KAZ) had its price objective upped by Macquarie from GBX 200 ($2.61) to GBX 260 ($3.39) in a research note released on Thursday. The firm currently has an outperform rating on the copper miner’s stock.
KAZ has been the subject of a number of other research reports. Jefferies Group lifted their target price on KAZ Minerals PLC from GBX 150 ($1.96) to GBX 200 ($2.61) and gave the stock a hold rating in a report on Tuesday, August 23rd. Deutsche Bank AG lifted their target price on KAZ Minerals PLC from GBX 183 ($2.39) to GBX 189 ($2.47) and gave the stock a hold rating in a report on Friday, August 19th. Peel Hunt raised KAZ Minerals PLC to an add rating and lifted their target price for the stock from GBX 160 ($2.09) to GBX 200 ($2.61) in a report on Friday, August 19th. Credit Suisse Group AG raised KAZ Minerals PLC to an outperform rating and lifted their target price for the stock from GBX 165 ($2.15) to GBX 250 ($3.26) in a report on Friday, August 19th. Finally, BNP Paribas lifted their target price on KAZ Minerals PLC from GBX 120 ($1.57) to GBX 135 ($1.76) and gave the stock an underperform rating in a report on Monday, August 15th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 155.24 ($2.03).
KAZ Minerals PLC (LON:KAZ) opened at 201.50 on Thursday. The company’s market capitalization is GBX 899.73 million. The firm has a 50-day moving average price of GBX 177.94 and a 200 day moving average price of GBX 160.49. KAZ Minerals PLC has a 1-year low of GBX 65.10 and a 1-year high of GBX 203.25.
In other KAZ Minerals PLC news, insider Heale,Simon acquired 28,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were acquired at an average price of GBX 176 ($2.30) per share, for a total transaction of £49,280 ($64,325.81).
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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