Zacks Investment Research Upgrades KAZ MINL PLC/ADR (KZMYY) to “Hold”

Zacks Investment Research upgraded shares of KAZ MINL PLC/ADR (OTCMKTS:KZMYY) from a sell rating to a hold rating in a research note released on Wednesday.

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. “

KZMYY stock traded down $0.03 during midday trading on Wednesday, reaching $3.54. 9,088 shares of the company’s stock traded hands, compared to its average volume of 25,883. The firm has a market capitalization of $2.96 billion, a PE ratio of 6.56 and a beta of 2.56. The company has a current ratio of 2.62, a quick ratio of 2.14 and a debt-to-equity ratio of 2.66. KAZ MINL PLC/ADR has a 52 week low of $2.72 and a 52 week high of $7.59.

KAZ MINL PLC/ADR 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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