KAZ Minerals (LON:KAZ)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a report issued on Monday, July 22nd, ThisIsMoney.Co.Uk reports.
Several other brokerages have also weighed in on KAZ. Deutsche Bank reiterated a “hold” rating on shares of KAZ Minerals in a report on Wednesday, July 10th. HSBC upgraded KAZ Minerals to a “buy” rating and lowered their price objective for the company from GBX 700 ($9.15) to GBX 690 ($9.02) in a research report on Tuesday, May 28th. Royal Bank of Canada boosted their price objective on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a “sector performer” rating in a research report on Friday, June 28th. Goldman Sachs Group upgraded KAZ Minerals to a “buy” rating and boosted their price objective for the company from GBX 600 ($7.84) to GBX 800 ($10.45) in a research report on Thursday, April 11th. Finally, UBS Group restated a “buy” rating on shares of KAZ Minerals in a research report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 713.64 ($9.32).
KAZ Minerals stock traded up GBX 10.40 ($0.14) during trading on Monday, reaching GBX 506.20 ($6.61). The stock had a trading volume of 1,785,377 shares, compared to its average volume of 2,660,000. The stock has a market capitalization of $2.39 billion and a PE ratio of 4.44. The company has a debt-to-equity ratio of 328.75, a quick ratio of 1.81 and a current ratio of 2.33. KAZ Minerals has a 52-week low of GBX 421.50 ($5.51) and a 52-week high of GBX 744.80 ($9.73). The firm has a 50 day moving average of GBX 555.59.
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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