Deutsche Bank AG Increases KAZ Minerals PLC (KAZ) Price Target to GBX 214

KAZ Minerals PLC (LON:KAZ) had its target price lifted by Deutsche Bank AG from GBX 189 ($2.34) to GBX 214 ($2.65) in a research report report published on Wednesday. The firm currently has a hold rating on the copper miner’s stock.

Several other equities analysts have also commented on the stock. Macquarie reaffirmed an outperform rating and issued a GBX 250 ($3.09) price objective on shares of KAZ Minerals PLC in a research report on Wednesday, September 21st. Halyk Finance reissued an under review rating on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Canaccord Genuity raised shares of KAZ Minerals PLC to a hold rating and raised their price target for the stock from GBX 120 ($1.49) to GBX 130 ($1.61) in a research report on Monday, July 11th. BNP Paribas reissued an underperform rating and set a GBX 120 ($1.49) price target on shares of KAZ Minerals PLC in a research report on Monday, June 27th. Finally, Jefferies Group reissued a hold rating on shares of KAZ Minerals PLC in a research report on Friday, July 15th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 162.75 ($2.01).

KAZ Minerals PLC (LON:KAZ) opened at 254.079849 on Wednesday. KAZ Minerals PLC has a 12 month low of GBX 75.00 and a 12 month high of GBX 254.50. The company’s 50 day moving average is GBX 201.14 and its 200-day moving average is GBX 165.13. The company’s market cap is GBX 1134.92 billion.

In related news, insider Heale,Simon purchased 28,000 shares of KAZ Minerals PLC stock in a transaction dated Thursday, September 1st. The shares were acquired at an average price of GBX 176 ($2.18) per share, for a total transaction of £49,280 ($60,990.10).

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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