HSBC started coverage on shares of KAZ Minerals PLC (LON:KAZ) in a research report released on Tuesday morning. The brokerage issued a reduce rating and a GBX 100 ($1.25) price target on the copper miner’s stock.

A number of other equities research analysts also recently issued reports on the stock. Barclays PLC restated an equal weight rating on shares of KAZ Minerals PLC in a report on Thursday, November 10th. Macquarie restated an outperform rating and issued a GBX 250 ($3.12) target price on shares of KAZ Minerals PLC in a report on Wednesday, September 21st. Halyk Finance restated an under review rating on shares of KAZ Minerals PLC in a report on Thursday, August 18th. Jefferies Group boosted their target price on shares of KAZ Minerals PLC from GBX 200 ($2.50) to GBX 240 ($3.00) and gave the company a hold rating in a report on Friday, October 14th. Finally, Deutsche Bank AG restated a hold rating on shares of KAZ Minerals PLC in a report on Tuesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 171.41 ($2.14).

Shares of KAZ Minerals PLC (LON:KAZ) traded up 2.07% during midday trading on Tuesday, hitting GBX 339.50. 2,414,195 shares of the company’s stock were exchanged. KAZ Minerals PLC has a 1-year low of GBX 83.62 and a 1-year high of GBX 378.90. The stock’s 50 day moving average is GBX 274.66 and its 200-day moving average is GBX 188.23. The stock’s market cap is GBX 1.52 billion.

In other KAZ Minerals PLC news, insider Heale,Simon bought 28,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average price of GBX 176 ($2.20) per share, for a total transaction of £49,280 ($61,569.22).

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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