Research analysts at Goldman Sachs dropped their target price on shares of Kazakhmys (LON: KAZ) from $12.03 (800 GBX) to $9.02 (600 GBX) in a report released on Tuesday. The firm currently has a “neutral” rating on the stock.

Shares of Kazakhmys opened at 566.00 on Tuesday. Kazakhmys has a 52 week low of GBX 569.00 and a 52 week high of GBX 990.442. The stock’s 50-day moving average is currently GBX 686.5. The company’s market cap is £3.026 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Kazakhmys from $9.77 to $11.05 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys in a research note to investors on Friday. They now have a $10.51 price target on the stock, up previously from $10.51. Finally, analysts at BNP Paribas cut their price target on shares of Kazakhmys from $9.31 to $7.51 in a research note to investors on Friday. They now have an “underperform” rating on the stock.

Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.