KAZ Minerals PLC (KAZ) Price Target Raised to GBX 214 at Deutsche Bank AG
KAZ Minerals PLC (LON:KAZ) had its target price increased by Deutsche Bank AG from GBX 189 ($2.47) to GBX 214 ($2.79) in a research note issued to investors on Wednesday morning. They currently have a hold rating on the copper miner’s stock.
A number of other analysts also recently issued reports on the company. Barclays PLC upgraded KAZ Minerals PLC to an equal weight rating and lifted their price target for the company from GBX 130 ($1.70) to GBX 210 ($2.74) in a research report on Wednesday, September 21st. Macquarie reiterated an outperform rating and set a GBX 250 ($3.26) price target on shares of KAZ Minerals PLC in a research report on Wednesday, September 21st. Jefferies Group lifted their price target on KAZ Minerals PLC from GBX 150 ($1.96) to GBX 200 ($2.61) and gave the company a hold rating in a research report on Tuesday, August 23rd. Peel Hunt upgraded KAZ Minerals PLC to an add rating and lifted their price target for the company from GBX 160 ($2.09) to GBX 200 ($2.61) in a research report on Friday, August 19th. Finally, Credit Suisse Group AG upgraded KAZ Minerals PLC to an outperform rating and lifted their price target for the company from GBX 165 ($2.15) to GBX 250 ($3.26) in a research report on Friday, August 19th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. KAZ Minerals PLC has an average rating of Hold and a consensus target price of GBX 164.65 ($2.15).
Shares of KAZ Minerals PLC (LON:KAZ) traded down 1.24% on Wednesday, reaching GBX 231.60. The company’s stock had a trading volume of 598,035 shares. The stock’s market cap is GBX 1.03 billion. The firm’s 50-day moving average price is GBX 195.52 and its 200-day moving average price is GBX 163.76. KAZ Minerals PLC has a 12 month low of GBX 75.00 and a 12 month high of GBX 237.50.
In related news, insider Heale,Simon purchased 28,000 shares of KAZ Minerals PLC stock in a transaction on Thursday, September 1st. The stock was acquired at an average price of GBX 176 ($2.30) per share, for a total transaction 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.
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