Kaz Minerals Plc (NASDAQ:KZMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $6.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 24.22% from the company’s current price.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Shares of Kaz Minerals Plc (NASDAQ:KZMYY) remained flat at $4.83 during midday trading on Friday. Kaz Minerals Plc has a one year low of $2.45 and a one year high of $5.77. The stock has a 50 day moving average of $1.39 and a 200 day moving average of $1.78. The company has a market capitalization of $4.31 billion and a P/E ratio of 14.93.

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