KAZ Minerals PLC (KAZ) Upgraded to Buy by Canaccord Genuity
KAZ Minerals PLC (LON:KAZ) was upgraded by equities researchers at Canaccord Genuity to a “buy” rating in a research report issued on Tuesday.
Other equities analysts have also recently issued research reports about the company. Barclays PLC upgraded KAZ Minerals PLC to an “equal weight” rating and lifted their price target for the stock from GBX 130 ($1.57) to GBX 210 ($2.53) in a report on Wednesday, September 21st. Peel Hunt cut KAZ Minerals PLC to a “hold” rating and lifted their price target for the stock from GBX 200 ($2.41) to GBX 275 ($3.32) in a report on Wednesday, November 2nd. Deutsche Bank AG lifted their price target on KAZ Minerals PLC from GBX 189 ($2.28) to GBX 214 ($2.58) and gave the stock a “hold” rating in a report on Wednesday, October 5th. Jefferies Group lifted their price target on KAZ Minerals PLC from GBX 200 ($2.41) to GBX 240 ($2.90) and gave the stock a “hold” rating in a report on Friday, October 14th. Finally, BNP Paribas reiterated a “neutral” rating and set a GBX 200 ($2.41) price target on shares of KAZ Minerals PLC in a report on Thursday, October 6th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 198 ($2.39).
KAZ Minerals PLC (LON:KAZ) traded down 3.14% during mid-day trading on Tuesday, hitting GBX 412.80. The stock had a trading volume of 2,210,937 shares. The stock’s 50-day moving average is GBX 382.61 and its 200 day moving average is GBX 259.68. KAZ Minerals PLC has a 52 week low of GBX 87.56 and a 52 week high of GBX 438.30. The company’s market capitalization is GBX 1.84 billion.
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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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