KAZ Minerals PLC (KAZ) Receives “Neutral” Rating from BNP Paribas
BNP Paribas reiterated their neutral rating on shares of KAZ Minerals PLC (LON:KAZ) in a research note issued to investors on Thursday morning. BNP Paribas currently has a GBX 200 ($2.61) price objective on the copper miner’s stock.
A number of other research analysts also recently weighed in on the company. Deutsche Bank AG lifted their price target on KAZ Minerals PLC from GBX 189 ($2.47) to GBX 214 ($2.79) and gave the company a hold rating in a report on Wednesday. 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 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 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 report on Tuesday, August 23rd. Finally, 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 report on Friday, August 19th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 162.75 ($2.12).
KAZ Minerals PLC (LON:KAZ) traded up 2.97% during midday trading on Thursday, hitting GBX 239.20. The stock had a trading volume of 2,199,976 shares. KAZ Minerals PLC has a 12-month low of GBX 75.00 and a 12-month high of GBX 246.30. The stock’s market cap is GBX 1.07 billion. The company’s 50-day moving average price is GBX 197.32 and its 200 day moving average price is GBX 164.24.
In related news, insider Heale,Simon purchased 28,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were bought 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.
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