BNP Paribas Downgrades KAZ Minerals (KAZ) to Neutral
KAZ Minerals (LON:KAZ) was downgraded by BNP Paribas to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 670 ($8.75) price target on the copper miner’s stock, down from their prior price target of GBX 1,030 ($13.46). BNP Paribas’ target price indicates a potential upside of 6.62% from the company’s current price.
Several other research analysts have also weighed in on KAZ. Royal Bank of Canada lowered their price target on KAZ Minerals from GBX 650 ($8.49) to GBX 590 ($7.71) and set a “sector performer” rating on the stock in a research report on Monday, December 17th. Peel Hunt reaffirmed a “buy” rating on shares of KAZ Minerals in a research report on Tuesday, December 18th. Liberum Capital reaffirmed a “hold” rating on shares of KAZ Minerals in a research report on Tuesday, January 15th. Goldman Sachs Group decreased their target price on KAZ Minerals from GBX 575 ($7.51) to GBX 550 ($7.19) and set a “neutral” rating on the stock in a report on Friday, January 18th. Finally, Deutsche Bank reissued a “hold” rating on shares of KAZ Minerals in a report on Friday, January 25th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 664.23 ($8.68).
LON:KAZ opened at GBX 628.40 ($8.21) on Thursday. The company has a market cap of $2.96 billion and a price-to-earnings ratio of 5.51. KAZ Minerals has a twelve month low of GBX 421.50 ($5.51) and a twelve month high of GBX 1,102.50 ($14.41). The company has a current ratio of 2.33, a quick ratio of 1.74 and a debt-to-equity ratio of 327.61.
KAZ Minerals Company Profile
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern Kazakhstan; three underground mines and concentrators located in the eastern region of Kazakhstan; and the Bozymchak copper-gold open pit mine located in western Kyrgyzstan.
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