KAZ Minerals PLC (KAZ) Receives “Buy” Rating from Canaccord Genuity

KAZ Minerals PLC (LON:KAZ)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a note issued to investors on Thursday.

A number of other equities analysts have also recently issued reports on KAZ. HSBC Holdings plc upgraded KAZ Minerals PLC to a “hold” rating in a report on Wednesday, April 19th. Barclays PLC increased their target price on KAZ Minerals PLC from GBX 390 ($5.06) to GBX 400 ($5.19) and gave the stock an “equal weight” rating in a report on Friday, April 21st. J P Morgan Chase & Co reiterated an “overweight” rating on shares of KAZ Minerals PLC in a report on Friday, April 28th. Liberum Capital reiterated a “sell” rating and issued a GBX 100 ($1.30) target price on shares of KAZ Minerals PLC in a report on Wednesday, May 10th. Finally, Macquarie reiterated an “outperform” rating on shares of KAZ Minerals PLC in a report on Wednesday, May 10th. Three research 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 a consensus target price of GBX 346.54 ($4.50).

Shares of KAZ Minerals PLC (LON:KAZ) opened at 716.00 on Thursday. KAZ Minerals PLC has a 12-month low of GBX 168.02 and a 12-month high of GBX 752.50. The stock has a 50 day moving average of GBX 643.36 and a 200-day moving average of GBX 531.47. The firm’s market capitalization is GBX 3.20 billion.

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.