KAZ Minerals PLC (LON:KAZ) had its price objective hoisted by equities researchers at Deutsche Bank AG from GBX 260 ($3.21) to GBX 350 ($4.32) in a research report issued to clients and investors on Friday. The brokerage currently has a “sell” rating on the copper miner’s stock. Deutsche Bank AG’s price target points to a potential downside of 32.69% from the stock’s previous close.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. raised KAZ Minerals PLC to an “overweight” rating in a report on Thursday, March 16th. Canaccord Genuity raised KAZ Minerals PLC to a “buy” rating in a report on Tuesday, January 10th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 370 ($4.57) target price on shares of KAZ Minerals PLC in a report on Monday, February 6th. HSBC Holdings plc lowered KAZ Minerals PLC to a “reduce” rating and reduced their target price for the company from GBX 440 ($5.43) to GBX 400 ($4.94) in a report on Monday, February 27th. Finally, Morgan Stanley raised KAZ Minerals PLC to an “equal weight” rating and upped their target price for the company from GBX 300 ($3.71) to GBX 380 ($4.69) in a report on Friday, February 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. KAZ Minerals PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 275 ($3.40).
KAZ Minerals PLC (LON:KAZ) opened at 509.00 on Friday. The firm has a 50-day moving average price of GBX 523.53 and a 200 day moving average price of GBX 367.91. The firm’s market capitalization is GBX 2.27 billion. KAZ Minerals PLC has a one year low of GBX 115.84 and a one year high of GBX 610.00.
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KAZ Minerals PLC Company Profile
KAZ Minerals PLC is an investment holding company principally engaged in mining businesses. The Company operates through three segments. East Region Operations segment is mainly engaged in the mining, processing, marketing and sales of copper and other metals. Other metals include gold, silver and zinc concentrate, among others.
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