KAZ Minerals PLC (LON:KAZ) had its price target boosted by research analysts at Deutsche Bank AG from GBX 260 ($3.21) to GBX 350 ($4.32) in a report released on Friday. The brokerage presently has a “sell” rating on the copper miner’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 32.69% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Canaccord Genuity upgraded KAZ Minerals PLC to a “buy” rating in a research note on Tuesday, January 10th. JPMorgan Chase & Co. upgraded KAZ Minerals PLC to an “overweight” rating in a research note on Thursday, March 16th. Morgan Stanley upgraded KAZ Minerals PLC to an “equal weight” rating and raised their price target for the company from GBX 300 ($3.71) to GBX 380 ($4.69) in a research note on Friday, February 3rd. Citigroup Inc restated a “buy” rating on shares of KAZ Minerals PLC in a research note on Friday, January 27th. Finally, Credit Suisse Group AG downgraded KAZ Minerals PLC to a “neutral” rating and raised their price target for the company from GBX 275 ($3.40) to GBX 370 ($4.57) in a research note on Wednesday, December 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 275 ($3.40).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 509.00 on Friday. The firm has a 50-day moving average price of GBX 523.53 and a 200-day moving average price of GBX 367.91. KAZ Minerals PLC has a 12 month low of GBX 115.84 and a 12 month high of GBX 610.00. The company’s market capitalization is GBX 2.27 billion.
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KAZ Minerals PLC Company Profile
KAZ Minerals PLC is an investment holding company principally engaged in mining businesses. The Company operates through three segments. East Region Operations segment is mainly engaged in the mining, processing, marketing and sales of copper and other metals. Other metals include gold, silver and zinc concentrate, among others.
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