KAZ Minerals PLC (LON:KAZ)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a report released on Thursday. They presently have a GBX 200 ($2.61) price objective on the copper miner’s stock. BNP Paribas’ target price points to a potential downside of 14.71% from the stock’s current price.
A number of other research firms have also recently issued reports on KAZ. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 150 ($1.96) price objective on shares of KAZ Minerals PLC in a research report on Friday, July 29th. Deutsche Bank AG lifted their price objective on KAZ Minerals PLC from GBX 183 ($2.39) to GBX 189 ($2.47) and gave the company a “hold” rating in a research report on Friday, August 19th. Credit Suisse Group AG raised KAZ Minerals PLC to an “outperform” rating and lifted their price objective for the company from GBX 165 ($2.15) to GBX 250 ($3.26) in a research report on Friday, August 19th. Canaccord Genuity raised KAZ Minerals PLC to a “hold” rating and lifted their price objective for the company from GBX 120 ($1.57) to GBX 130 ($1.70) in a research report on Monday, July 11th. Finally, Peel Hunt lifted their price objective on KAZ Minerals PLC from GBX 140 ($1.83) to GBX 160 ($2.09) and gave the company a “hold” rating in a research report on Monday, August 8th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 164.65 ($2.15).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 232.80 on Thursday. The firm’s market cap is GBX 1.04 billion. KAZ Minerals PLC has a 52 week low of GBX 75.00 and a 52 week high of GBX 237.50. The firm’s 50-day moving average price is GBX 195.52 and its 200-day moving average price is GBX 163.76.
In other KAZ Minerals PLC news, insider Heale,Simon acquired 28,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average price of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,325.81).
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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