Kaz Minerals Plc (NASDAQ:KZMYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

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 (NASDAQ KZMYY) opened at 4.88 on Friday. Kaz Minerals Plc has a 1-year low of $1.15 and a 1-year high of $4.93. The stock’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.78. The stock has a market capitalization of $4.36 billion and a PE ratio of 15.09.

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