KAZ Minerals PLC (KAZ) PT Raised to GBX 365 at Peel Hunt
KAZ Minerals PLC (LON:KAZ) had its price target lifted by equities researchers at Peel Hunt from GBX 275 ($3.41) to GBX 365 ($4.53) in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the copper miner’s stock. Peel Hunt’s target price would suggest a potential upside of 0.66% from the company’s previous close.
Several other equities analysts have also recently weighed in on KAZ. Deutsche Bank AG reaffirmed a “hold” rating on shares of KAZ Minerals PLC in a research report on Tuesday, August 9th. Canaccord Genuity raised their price target on shares of KAZ Minerals PLC from GBX 130 ($1.61) to GBX 155 ($1.92) and gave the company a “hold” rating in a research report on Wednesday, August 10th. BNP Paribas raised their price target on shares of KAZ Minerals PLC from GBX 120 ($1.49) to GBX 135 ($1.67) and gave the company an “underperform” rating in a research report on Monday, August 15th. Halyk Finance reaffirmed an “under review” rating on shares of KAZ Minerals PLC in a research report on Thursday, August 18th. Finally, Credit Suisse Group AG raised shares of KAZ Minerals PLC to an “outperform” rating and lifted their target price for the stock from GBX 165 ($2.05) to GBX 250 ($3.10) in a research report on Friday, August 19th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. KAZ Minerals PLC currently has an average rating of “Hold” and an average target price of GBX 189.60 ($2.35).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 363.50 on Tuesday. KAZ Minerals PLC has a 12 month low of GBX 83.62 and a 12 month high of GBX 378.90. The company’s 50-day moving average price is GBX 305.87 and its 200-day moving average price is GBX 199.56. The firm’s market cap is GBX 1.62 billion.
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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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