KAZ Minerals PLC (LON:KAZ) Receives GBX 159.35 Consensus Price Target from Analysts
Shares of KAZ Minerals PLC (LON:KAZ) have earned an average rating of “Hold” from the eighteen analysts that are currently covering the company. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 160.82 ($2.10).
Several equities analysts recently commented on KAZ shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 150 ($1.96) price objective on shares of KAZ Minerals PLC in a research report on Friday, July 29th. Deutsche Bank AG increased their price objective on shares of KAZ Minerals PLC from GBX 183 ($2.39) to GBX 189 ($2.47) and gave the company a “hold” rating in a research report on Friday, August 19th. Credit Suisse Group AG raised shares of KAZ Minerals PLC to an “outperform” rating and increased their price objective for the company from GBX 165 ($2.15) to GBX 250 ($3.26) in a research report on Friday, August 19th. Canaccord Genuity raised shares of KAZ Minerals PLC to a “hold” rating and increased their price objective for the company from GBX 120 ($1.57) to GBX 130 ($1.70) in a research report on Monday, July 11th. Finally, Peel Hunt increased their price objective on shares of KAZ Minerals PLC from GBX 140 ($1.83) to GBX 160 ($2.09) and gave the company a “hold” rating in a research report on Monday, August 8th.
In related news, insider Heale,Simon purchased 28,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,325.81).
KAZ Minerals PLC (LON:KAZ) opened at 234.50 on Monday. The stock’s market cap is GBX 1.05 billion. KAZ Minerals PLC has a 12-month low of GBX 75.00 and a 12-month high of GBX 237.50. The stock has a 50 day moving average of GBX 195.52 and a 200 day moving average of GBX 163.76.
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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