KAZ Minerals’ (KAZ) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt reiterated their buy rating on shares of KAZ Minerals (LON:KAZ) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on the stock. HSBC downgraded shares of KAZ Minerals to a hold rating and reduced their price target for the company from GBX 690 ($9.08) to GBX 600 ($7.89) in a research note on Thursday, December 19th. Peel Hunt reiterated a buy rating and set a GBX 710 ($9.34) price objective on shares of KAZ Minerals in a research report on Wednesday, January 8th. Barclays dropped their price objective on shares of KAZ Minerals from GBX 750 ($9.87) to GBX 680 ($8.95) and set an overweight rating for the company in a research note on Wednesday, December 11th. Goldman Sachs Group reissued a neutral rating on shares of KAZ Minerals in a research note on Thursday, November 7th. Finally, UBS Group restated a buy rating on shares of KAZ Minerals in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 652 ($8.58).
Shares of LON KAZ opened at GBX 560 ($7.37) on Monday. The company has a market cap of $2.65 billion and a price-to-earnings ratio of 5.67. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 185.76. KAZ Minerals has a 12 month low of GBX 375.30 ($4.94) and a 12 month high of GBX 744.80 ($9.80). The stock has a 50-day moving average price of GBX 526.38 and a two-hundred day moving average price of GBX 494.54.
KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of Kazakhstan; three underground mines and concentrators located in the eastern region of Kazakhstan; and the Bozymchak copper-gold open pit mine located in western Kyrgyzstan.
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