HSBC cut shares of KAZ Minerals (OTCMKTS:KZMYY) from a hold rating to a reduce rating in a research report report published on Wednesday morning, The Fly reports.
Separately, Zacks Investment Research cut shares of KAZ Minerals from a buy rating to a sell rating in a research report on Wednesday.
Shares of OTCMKTS KZMYY opened at $6.39 on Wednesday. The stock has a market capitalization of $6,166.60, a PE ratio of 31.95 and a beta of 2.89. The company has a quick ratio of 2.03, a current ratio of 2.39 and a debt-to-equity ratio of 3.47. KAZ Minerals has a 52 week low of $2.76 and a 52 week high of $6.90.
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern 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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