KAZ Minerals PLC (LON:KAZ) had its price objective boosted by Jefferies Group from GBX 200 ($2.44) to GBX 240 ($2.93) in a research note published on Friday morning. They currently have a hold rating on the copper miner’s stock.
Other equities analysts also recently issued research reports about the stock. Barclays PLC reissued an underweight rating and set a GBX 130 ($1.58) price objective (up previously from GBX 70 ($0.85)) on shares of KAZ Minerals PLC in a research note on Monday, July 18th. Canaccord Genuity increased their price target on shares of KAZ Minerals PLC from GBX 130 ($1.58) to GBX 155 ($1.89) and gave the stock a hold rating in a research note on Wednesday, August 10th. Halyk Finance reaffirmed an under review rating on shares of KAZ Minerals PLC in a research note on Thursday, August 18th. Peel Hunt increased their price target on shares of KAZ Minerals PLC from GBX 140 ($1.71) to GBX 160 ($1.95) and gave the stock a hold rating in a research note on Monday, August 8th. Finally, Deutsche Bank AG increased their price target on shares of KAZ Minerals PLC from GBX 163 ($1.99) to GBX 183 ($2.23) and gave the stock a hold rating in a research note on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. KAZ Minerals PLC presently has an average rating of Hold and a consensus price target of GBX 165.25 ($2.01).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 266.20 on Friday. KAZ Minerals PLC has a 52-week low of GBX 75.00 and a 52-week high of GBX 274.60. The stock’s market capitalization is GBX 1.19 billion. The stock’s 50 day moving average is GBX 212.85 and its 200 day moving average is GBX 169.16.
In related news, insider Heale,Simon acquired 28,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 176 ($2.15) per share, with a total value of £49,280 ($60,060.94).
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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