Zacks Investment Research upgraded shares of KAZ Minerals (OTCMKTS:KZMYY) from a sell rating to a hold rating in a research report sent to investors on Wednesday. They currently have $7.50 price target on the stock.
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. “
KAZ Minerals stock opened at $6.55 on Wednesday. KAZ Minerals has a 12-month low of $2.76 and a 12-month high of $6.65. The firm has a market cap of $5,889.55, a P/E ratio of 32.75 and a beta of 2.89.
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. It operates through East Region, Bozymchak, Bozshakol, and Aktogay segments. The company operates four underground mines and three concentrators located in the eastern region of Kazakhstan; Bozymchak copper-gold open pit mine located in Kyrgyzstan; the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; and Aktogay open pit located in eastern Kazakhstan.
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