KAZ Minerals (LON:KAZ) Given Buy Rating at UBS Group

UBS Group reiterated their buy rating on shares of KAZ Minerals (LON:KAZ) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the stock a sector performer rating in a research report on Friday, June 28th. HSBC upgraded KAZ Minerals to a buy rating and reduced their target price for the company from GBX 700 ($9.15) to GBX 690 ($9.02) in a report on Tuesday, May 28th. Liberum Capital reiterated a hold rating on shares of KAZ Minerals in a report on Tuesday, July 16th. Barclays restated an overweight rating and set a GBX 750 ($9.80) price objective on shares of KAZ Minerals in a research note on Friday. Finally, Peel Hunt restated a buy rating and set a GBX 755 ($9.87) price objective on shares of KAZ Minerals in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 724.55 ($9.47).

KAZ opened at GBX 407.20 ($5.32) on Friday. KAZ Minerals has a 12 month low of GBX 421.50 ($5.51) and a 12 month high of GBX 744.80 ($9.73). The stock has a market capitalization of $1.92 billion and a P/E ratio of 3.57. The business has a 50 day simple moving average of GBX 534.98 and a 200-day simple moving average of GBX 598.40. 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 firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 3rd will be issued a GBX 3.30 ($0.04) dividend. This represents a yield of 0.79%. The ex-dividend date of this dividend is Thursday, October 3rd. KAZ Minerals’s dividend payout ratio is presently 0.08%.

In other news, insider Charles Watson purchased 3,246 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of GBX 452 ($5.91) per share, for a total transaction of £14,671.92 ($19,171.46).

KAZ Minerals Company Profile

KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of 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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