BNP Paribas reiterated their neutral rating on shares of KAZ Minerals PLC (LON:KAZ) in a report published on Thursday. The brokerage currently has a GBX 200 ($2.61) price target on the copper miner’s stock.
KAZ has been the topic of a number of other reports. Macquarie reissued an outperform rating and issued a GBX 250 ($3.26) price objective on shares of KAZ Minerals PLC in a research note on Wednesday, September 21st. Jefferies Group lifted their price objective on shares of KAZ Minerals PLC from GBX 150 ($1.96) to GBX 200 ($2.61) and gave the company a hold rating in a research note on Tuesday, August 23rd. Credit Suisse Group AG raised shares of KAZ Minerals PLC to an outperform rating and lifted their price objective for the company from GBX 165 ($2.15) to GBX 250 ($3.26) in a research note on Friday, August 19th. Peel Hunt raised shares of KAZ Minerals PLC to an add rating and lifted their price objective for the company from GBX 160 ($2.09) to GBX 200 ($2.61) in a research note on Friday, August 19th. Finally, Deutsche Bank AG lifted their price objective on shares of KAZ Minerals PLC from GBX 189 ($2.47) to GBX 214 ($2.79) and gave the company a hold rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 162.75 ($2.12).
KAZ Minerals PLC (LON:KAZ) traded up 2.97% on Thursday, hitting GBX 239.20. The stock had a trading volume of 2,199,976 shares. The firm’s market capitalization is GBX 1.07 billion. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 246.30. The company’s 50 day moving average is GBX 197.32 and its 200-day moving average is GBX 164.24.
In other news, insider Heale,Simon bought 28,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average price of GBX 176 ($2.30) per share, for a total transaction 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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