KAZ Minerals PLC (LON:KAZ) Downgraded by Macquarie to “Neutral”

Macquarie cut shares of KAZ Minerals PLC (LON:KAZ) to a neutral rating in a report issued on Monday morning.

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Other analysts have also recently issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of KAZ Minerals PLC in a research report on Friday, June 9th. Canaccord Genuity reaffirmed a buy rating on shares of KAZ Minerals PLC in a research report on Friday, May 12th. Barclays PLC reaffirmed an equal weight rating and set a GBX 400 ($5.19) price objective on shares of KAZ Minerals PLC in a research report on Friday, July 14th. HSBC Holdings plc raised KAZ Minerals PLC to a hold rating in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reaffirmed a hold rating on shares of KAZ Minerals PLC in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 314.62 ($4.08).

KAZ Minerals PLC (KAZ) opened at 664.50 on Monday. The firm has a 50-day moving average price of GBX 623.74 and a 200 day moving average price of GBX 525.46. KAZ Minerals PLC has a one year low of GBX 161.00 and a one year high of GBX 752.50. The company’s market cap is GBX 2.97 billion.

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KAZ Minerals PLC Company Profile

KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan.