KAZ Minerals PLC’s (KAZ) Outperform Rating Reaffirmed at Macquarie
Macquarie reaffirmed their outperform rating on shares of KAZ Minerals PLC (LON:KAZ) in a research report sent to investors on Monday morning. Macquarie currently has a GBX 250 ($3.05) price objective on the copper miner’s stock.
Several other analysts have also commented on the company. Jefferies Group raised their price objective on KAZ Minerals PLC from GBX 200 ($2.44) to GBX 240 ($2.93) and gave the company a hold rating in a report on Friday. BNP Paribas reaffirmed a neutral rating and issued a GBX 200 ($2.44) price target on shares of KAZ Minerals PLC in a research note on Thursday, October 6th. Deutsche Bank AG lifted their price target on KAZ Minerals PLC from GBX 189 ($2.30) to GBX 214 ($2.61) and gave the stock a hold rating in a research note on Wednesday, October 5th. Barclays PLC raised KAZ Minerals PLC to an equal weight rating and lifted their price target for the stock from GBX 130 ($1.58) to GBX 210 ($2.56) in a research note on Wednesday, September 21st. Finally, Peel Hunt raised KAZ Minerals PLC to an add rating and lifted their price target for the stock from GBX 160 ($1.95) to GBX 200 ($2.44) in a research note on Friday, August 19th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 165.25 ($2.01).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 274.01 on Monday. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 274.60. The stock’s market cap is GBX 1.22 billion. The firm has a 50-day moving average price of GBX 212.13 and a 200-day moving average price of GBX 168.38.
In other news, insider Heale,Simon bought 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of GBX 176 ($2.15) per share, with a total value of £49,280 ($60,060.94).
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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