KAZ Minerals PLC’s (KAZ) Outperform Rating Reaffirmed at Macquarie
Macquarie reaffirmed their outperform rating on shares of KAZ Minerals PLC (LON:KAZ) in a research report report published on Monday morning. Macquarie currently has a GBX 250 ($3.05) target price on the copper miner’s stock.
KAZ has been the topic of a number of other research reports. Jefferies Group boosted their target price on shares of KAZ Minerals PLC from GBX 150 ($1.83) to GBX 200 ($2.44) and gave the company a hold rating in a report on Tuesday, August 23rd. Deutsche Bank AG boosted their target price on shares of KAZ Minerals PLC from GBX 189 ($2.30) to GBX 214 ($2.61) and gave the company a hold rating in a report on Wednesday, October 5th. Credit Suisse Group AG upgraded shares of KAZ Minerals PLC to an outperform rating and boosted their target price for the company from GBX 165 ($2.01) to GBX 250 ($3.05) in a report on Friday, August 19th. Peel Hunt raised KAZ Minerals PLC to an add rating and lifted their price target for the stock from GBX 160 ($1.95) to GBX 200 ($2.44) in a research report on Friday, August 19th. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 200 ($2.44) price target on shares of KAZ Minerals PLC in a research report on Thursday, October 6th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 165.25 ($2.01).
KAZ Minerals PLC (LON:KAZ) opened at 274.01 on Monday. The firm’s 50-day moving average is GBX 212.13 and its 200-day moving average is GBX 168.38. KAZ Minerals PLC has a 12 month low of GBX 75.00 and a 12 month high of GBX 274.60. The company’s market cap is GBX 1.22 billion.
In related news, insider Heale,Simon purchased 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were bought at an average price of GBX 176 ($2.15) per share, for a total transaction 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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