KAZ Minerals PLC (KAZ) Price Target Increased to GBX 214 by Analysts at Deutsche Bank AG
KAZ Minerals PLC (LON:KAZ) had its target price increased by equities researchers at Deutsche Bank AG from GBX 189 ($2.47) to GBX 214 ($2.79) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the copper miner’s stock. Deutsche Bank AG’s price target indicates a potential downside of 7.72% from the company’s previous close.
A number of other equities analysts have also issued reports on KAZ. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 120 ($1.57) price target on shares of KAZ Minerals PLC in a research note on Thursday, June 9th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 120 ($1.57) price target on shares of KAZ Minerals PLC in a research note on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 150 ($1.96) price target on shares of KAZ Minerals PLC in a research note on Thursday, June 30th. Jefferies Group decreased their price target on KAZ Minerals PLC from GBX 170 ($2.22) to GBX 150 ($1.96) and set a “hold” rating for the company in a research note on Thursday, July 7th. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 130 ($1.70) price objective (up from GBX 70 ($0.91)) on shares of KAZ Minerals PLC in a research note on Monday, July 18th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 160.82 ($2.10).
KAZ Minerals PLC (LON:KAZ) opened at 231.90 on Wednesday. The company has a 50-day moving average price of GBX 193.61 and a 200 day moving average price of GBX 163.37. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 237.50. The firm’s market capitalization is GBX 1.04 billion.
In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,325.81).
KAZ Minerals PLC Company Profile
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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