KAZ Minerals PLC (LON:KAZ) Given Consensus Rating of “Hold” by Analysts
KAZ Minerals PLC (LON:KAZ) has received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm. Six analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 159.35 ($2.08).
Several brokerages have commented on KAZ. Barclays PLC restated an “underweight” rating and set a GBX 130 ($1.70) target price (up from GBX 70 ($0.91)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Jefferies Group reiterated a “hold” rating on shares of KAZ Minerals PLC in a report on Friday, July 15th. Canaccord Genuity lifted their price objective on shares of KAZ Minerals PLC from GBX 130 ($1.70) to GBX 155 ($2.02) and gave the company a “hold” rating in a report on Wednesday, August 10th. Halyk Finance reiterated an “under review” rating on shares of KAZ Minerals PLC in a report on Thursday, August 18th. Finally, Peel Hunt lifted their price objective on shares of KAZ Minerals PLC from GBX 140 ($1.83) to GBX 160 ($2.09) and gave the company a “hold” rating in a report on Monday, August 8th.
Shares of KAZ Minerals PLC (LON:KAZ) traded up 6.84% during mid-day trading on Monday, reaching GBX 236.00. 1,650,731 shares of the company’s stock were exchanged. The stock’s 50-day moving average is GBX 189.56 and its 200-day moving average is GBX 162.86. The stock’s market cap is GBX 1.05 billion. KAZ Minerals PLC has a 52-week low of GBX 75.00 and a 52-week high of GBX 236.70.
In other KAZ Minerals PLC news, insider Heale,Simon bought 28,000 shares of the stock in a transaction on Thursday, September 1st. The stock was purchased at an average price of GBX 176 ($2.30) per share, with a total value of £49,280 ($64,325.81).
KAZ Minerals PLC Company Profile
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.
Receive News & Stock Ratings for KAZ Minerals PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAZ Minerals PLC and related stocks with our FREE daily email newsletter.