KAZ Minerals (LON:KAZ) had its target price increased by Peel Hunt from GBX 710 ($9.34) to GBX 735 ($9.67) in a research report report published on Tuesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the copper miner’s stock.
Other research analysts also recently issued research reports about the stock. UBS Group reiterated a buy rating on shares of KAZ Minerals in a research note on Wednesday, January 29th. Liberum Capital upgraded shares of KAZ Minerals to a buy rating and upped their target price for the stock from GBX 525 ($6.91) to GBX 770 ($10.13) in a research note on Tuesday, January 14th. Goldman Sachs Group upped their target price on shares of KAZ Minerals from GBX 540 ($7.10) to GBX 550 ($7.23) and gave the stock a neutral rating in a research note on Wednesday, February 5th. HSBC downgraded shares of KAZ Minerals to a hold rating and dropped their target price for the stock from GBX 690 ($9.08) to GBX 600 ($7.89) in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of KAZ Minerals from GBX 600 ($7.89) to GBX 685 ($9.01) and gave the company a neutral rating in a report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 657 ($8.64).
Shares of LON KAZ opened at GBX 494.40 ($6.50) on Tuesday. The firm’s 50 day moving average price is GBX 512.46 and its 200-day moving average price is GBX 483.08. The company has a market cap of $2.35 billion and a PE ratio of 5.00. KAZ Minerals has a 52-week low of GBX 375.30 ($4.94) and a 52-week high of GBX 744.80 ($9.80). The company has a debt-to-equity ratio of 185.76, a quick ratio of 0.89 and a current ratio of 1.57.
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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