KGHM Polska Miedz (OTCMKTS:KGHPF) Trading Down 6.8% – Here’s What Happened

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) traded down 6.8% on Friday . The stock traded as low as $85.60 and last traded at $85.60. 4,072 shares traded hands during trading, an increase of 271% from the average session volume of 1,097 shares. The stock had previously closed at $91.80.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a research report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat, KGHM Polska Miedz currently has a consensus rating of “Buy”.

KGHM Polska Miedz Stock Performance

The firm has a 50 day moving average of $67.50 and a 200-day moving average of $49.94.

KGHM Polska Miedz Company Profile

KGHM Polska Miedz (OTCMKTS: KGHPF) is a leading Polish mining and metallurgical company specializing in the extraction and processing of copper and precious metals. Headquartered in Lubin, Poland, the company operates an integrated business model that spans exploration, mining, smelting and refining. KGHM is known for producing copper cathodes, wire rod and a range of semi‐finished copper products, along with significant volumes of silver, gold and other byproducts such as molybdenum and nickel.

The company’s core operations are anchored in the Legnica‐Głogów Copper Belt in southwestern Poland, where it runs several underground and open-pit mines.