Peel Hunt Lowers KAZ Minerals (LON:KAZ) Price Target to GBX 580

KAZ Minerals (LON:KAZ) had its target price lowered by Peel Hunt from GBX 685 ($9.01) to GBX 580 ($7.63) in a research report report published on Monday morning, Stock Target Advisor reports. Peel Hunt currently has a buy rating on the copper miner’s stock.

Several other research analysts also recently commented on the stock. Peel Hunt reaffirmed a buy rating and issued a GBX 710 ($9.34) price objective on shares of KAZ Minerals in a report on Wednesday, January 8th. Deutsche Bank raised shares of KAZ Minerals to a hold rating and lowered their target price for the company from GBX 610 ($8.02) to GBX 410 ($5.39) in a report on Friday, March 20th. Credit Suisse Group dropped their target price on KAZ Minerals from GBX 570 ($7.50) to GBX 540 ($7.10) and set a neutral rating on the stock in a research report on Monday, November 25th. Goldman Sachs Group raised their price target on KAZ Minerals from GBX 540 ($7.10) to GBX 550 ($7.23) and gave the stock a neutral rating in a report on Wednesday, February 5th. Finally, HSBC cut KAZ Minerals to a hold rating and reduced their price target for the company from GBX 690 ($9.08) to GBX 600 ($7.89) in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 596.07 ($7.84).

LON KAZ opened at GBX 369.10 ($4.86) on Monday. The company’s 50 day moving average is GBX 408.81 and its 200-day moving average is GBX 464.34. KAZ Minerals has a 12-month low of GBX 329.30 ($4.33) and a 12-month high of GBX 744.80 ($9.80). The company has a quick ratio of 0.77, a current ratio of 1.59 and a debt-to-equity ratio of 151.79. The firm has a market cap of $1.74 billion and a P/E ratio of 3.15.

The company also recently announced a dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a dividend of GBX 6.15 ($0.08) per share. This represents a yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 23rd. This is a positive change from KAZ Minerals’s previous dividend of $3.30. KAZ Minerals’s dividend payout ratio is 0.10%.

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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