KAZ Minerals PLC (LON:KAZ) had its price objective lifted by Deutsche Bank AG from GBX 189 ($2.47) to GBX 214 ($2.79) in a report issued on Wednesday morning. The firm currently has a hold rating on the copper miner’s stock.
A number of other analysts have also weighed in on KAZ. BNP Paribas upped their price objective on KAZ Minerals PLC from GBX 120 ($1.57) to GBX 135 ($1.76) and gave the stock an underperform rating in a research report on Monday, August 15th. Macquarie reaffirmed an outperform rating and set a GBX 200 ($2.61) price objective on shares of KAZ Minerals PLC in a research report on Monday, September 5th. Canaccord Genuity reaffirmed a hold rating and set a GBX 155 ($2.02) price objective on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Barclays PLC reaffirmed an underweight rating and set a GBX 130 ($1.70) price objective (up previously from GBX 70 ($0.91)) on shares of KAZ Minerals PLC in a research report on Monday, July 18th. Finally, Peel Hunt reaffirmed a hold rating and set a GBX 140 ($1.83) price objective on shares of KAZ Minerals PLC in a research report on Monday, August 15th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. KAZ Minerals PLC has a consensus rating of Hold and a consensus price target of GBX 164.65 ($2.15).
Shares of KAZ Minerals PLC (LON:KAZ) traded down 1.24% during mid-day trading on Wednesday, reaching GBX 231.60. The company’s stock had a trading volume of 598,035 shares. The firm’s market cap is GBX 1.03 billion. The firm’s 50-day moving average price is GBX 195.52 and its 200 day moving average price is GBX 163.76. KAZ Minerals PLC has a 12-month low of GBX 75.00 and a 12-month high of GBX 237.50.
In related news, insider Heale,Simon bought 28,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,325.81).
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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