KAZ Minerals PLC (KAZ) PT Raised to GBX 240
KAZ Minerals PLC (LON:KAZ) had its price objective raised by Jefferies Group from GBX 200 ($2.44) to GBX 240 ($2.93) in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the copper miner’s stock. Jefferies Group’s price target would suggest a potential downside of 8.40% from the company’s current price.
KAZ has been the topic of several other research reports. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 130 ($1.58) target price (up previously from GBX 70 ($0.85)) on shares of KAZ Minerals PLC in a research report on Monday, July 18th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 200 ($2.44) target price on shares of KAZ Minerals PLC in a research report on Thursday, October 6th. Macquarie upped their target price on KAZ Minerals PLC from GBX 200 ($2.44) to GBX 260 ($3.17) and gave the company an “outperform” rating in a research report on Thursday, September 15th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 150 ($1.83) target price on shares of KAZ Minerals PLC in a research report on Thursday, June 30th. Finally, Peel Hunt raised KAZ Minerals PLC to an “add” rating and upped their target price for the company from GBX 160 ($1.95) to GBX 200 ($2.44) in a research report on Friday, August 19th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. KAZ Minerals PLC has an average rating of “Hold” and a consensus price target of GBX 165.25 ($2.01).
KAZ Minerals PLC (LON:KAZ) opened at 266.80 on Friday. The firm has a 50-day moving average price of GBX 212.13 and a 200 day moving average price of GBX 168.38. KAZ Minerals PLC has a 12 month low of GBX 75.00 and a 12 month high of GBX 271.55. The company’s market cap is GBX 1.19 billion.
In other news, insider Heale,Simon purchased 28,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was bought at an average cost of GBX 176 ($2.15) per share, for a total transaction of £49,280 ($60,060.94).
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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