KAZ Minerals PLC (LON:KAZ) had its target price increased by HSBC Holdings plc from GBX 430 ($5.58) to GBX 490 ($6.36) in a report issued on Friday. The firm currently has a reduce rating on the copper miner’s stock.
A number of other research firms also recently commented on KAZ. Canaccord Genuity reaffirmed a buy rating on shares of KAZ Minerals PLC in a report on Thursday. Liberum Capital reaffirmed a sell rating and issued a GBX 385 ($5.00) price objective on shares of KAZ Minerals PLC in a report on Thursday. Peel Hunt reaffirmed a buy rating on shares of KAZ Minerals PLC in a report on Thursday. Deutsche Bank AG boosted their price target on shares of KAZ Minerals PLC from GBX 400 ($5.19) to GBX 500 ($6.49) and gave the company a sell rating in a report on Friday. Finally, Macquarie downgraded shares of KAZ Minerals PLC to a neutral rating in a report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 346.54 ($4.50).
Shares of KAZ Minerals PLC (LON KAZ) traded up 1.42% during mid-day trading on Friday, reaching GBX 716.00. 1,497,922 shares of the company were exchanged. KAZ Minerals PLC has a 12 month low of GBX 168.02 and a 12 month high of GBX 752.50. The firm’s market capitalization is GBX 3.20 billion. The company’s 50-day moving average is GBX 643.36 and its 200 day moving average is GBX 531.47.
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About KAZ Minerals PLC
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.
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