KAZ Minerals (KAZ) Upgraded to Buy by UBS Group

UBS Group upgraded shares of KAZ Minerals (LON:KAZ) to a buy rating in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 900 ($11.76) price target on the copper miner’s stock, up from their previous price target of GBX 700 ($9.15).

KAZ has been the subject of a number of other reports. Goldman Sachs Group reduced their target price on shares of KAZ Minerals from GBX 575 ($7.51) to GBX 550 ($7.19) and set a neutral rating for the company in a research note on Friday, January 18th. Peel Hunt upped their target price on shares of KAZ Minerals from GBX 820 ($10.71) to GBX 840 ($10.98) and gave the stock a buy rating in a research note on Friday, January 18th. Redburn Partners lowered shares of KAZ Minerals to a neutral rating in a research note on Thursday, February 7th. BNP Paribas lowered shares of KAZ Minerals to a neutral rating and reduced their target price for the stock from GBX 1,030 ($13.46) to GBX 670 ($8.75) in a research note on Thursday, March 21st. Finally, Royal Bank of Canada cut their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 734.58 ($9.60).

Shares of KAZ stock opened at GBX 712.20 ($9.31) on Friday. KAZ Minerals has a 12-month low of GBX 421.50 ($5.51) and a 12-month high of GBX 1,102.50 ($14.41). The firm has a market capitalization of $3.35 billion and a PE ratio of 6.25. The company has a debt-to-equity ratio of 328.75, a current ratio of 2.33 and a quick ratio of 1.81.

The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 18th will be issued a GBX 4.66 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 0.69%. KAZ Minerals’s payout ratio is 0.08%.

In other KAZ Minerals news, insider Andrew Southam sold 242,098 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of GBX 665 ($8.69), for a total value of £1,609,951.70 ($2,103,687.05).

About KAZ Minerals

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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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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