Kaz Minerals Plc (NASDAQ:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $5.50 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.02% from the company’s current price.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Kaz Minerals Plc (KZMYY) opened at 4.91 on Wednesday. The company has a market capitalization of $4.38 billion and a PE ratio of 24.80. Kaz Minerals Plc has a 52 week low of $1.16 and a 52 week high of $2.47. The stock has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.78.

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