Kaz Minerals Plc (KZMYY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Kaz Minerals Plc (NASDAQ:KZMYY) from a hold rating to a buy rating in a research note issued to investors on Friday. The brokerage currently has $6.00 price target on the stock.

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) remained flat at $4.83 on Friday. The company has a market capitalization of $4.31 billion and a price-to-earnings ratio of 14.93. The stock’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.78. Kaz Minerals Plc has a 12-month low of $1.16 and a 12-month high of $2.47.

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