Jefferies Group Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 300
KAZ Minerals PLC (LON:KAZ) had its price target hoisted by Jefferies Group from GBX 240 ($3.00) to GBX 300 ($3.75) in a report issued on Thursday. They currently have a hold rating on the copper miner’s stock.
Several other analysts have also commented on KAZ. BNP Paribas raised their target price on KAZ Minerals PLC from GBX 120 ($1.50) to GBX 135 ($1.69) and gave the stock an underperform rating in a report on Monday, August 15th. Canaccord Genuity reissued a hold rating and issued a GBX 155 ($1.94) price objective on shares of KAZ Minerals PLC in a report on Friday, October 28th. Credit Suisse Group AG reissued an outperform rating and issued a GBX 275 ($3.44) price objective on shares of KAZ Minerals PLC in a report on Thursday, October 27th. Macquarie reissued an outperform rating and issued a GBX 200 ($2.50) price objective on shares of KAZ Minerals PLC in a report on Monday, September 5th. Finally, Deutsche Bank AG raised their price objective on KAZ Minerals PLC from GBX 163 ($2.04) to GBX 183 ($2.29) and gave the company a hold rating in a report on Friday, July 29th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 171.41 ($2.14).
KAZ Minerals PLC (LON:KAZ) opened at 336.40 on Thursday. The stock’s market capitalization is GBX 1.50 billion. The company has a 50-day moving average price of GBX 269.48 and a 200-day moving average price of GBX 185.89. KAZ Minerals PLC has a 12-month low of GBX 75.00 and a 12-month high of GBX 378.90.
In other KAZ Minerals PLC news, insider Heale,Simon bought 28,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was acquired at an average cost of GBX 176 ($2.20) per share, with a total value of £49,280 ($61,569.22).
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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