KAZ Minerals PLC (KAZ) Price Target Increased to GBX 365 by Analysts at Peel Hunt
KAZ Minerals PLC (LON:KAZ) had its price objective raised by Peel Hunt from GBX 275 ($3.41) to GBX 365 ($4.53) in a report published on Tuesday morning. Peel Hunt currently has a hold rating on the copper miner’s stock.
A number of other research analysts also recently issued reports on the company. HSBC began coverage on KAZ Minerals PLC in a research note on Tuesday, November 15th. They issued a reduce rating and a GBX 100 ($1.24) price objective for the company. Jefferies Group upped their price objective on KAZ Minerals PLC from GBX 240 ($2.98) to GBX 300 ($3.72) and gave the company a hold rating in a research note on Thursday, November 10th. Barclays PLC restated an equal weight rating on shares of KAZ Minerals PLC in a research note on Thursday, November 10th. JPMorgan Chase & Co. upped their price objective on KAZ Minerals PLC from GBX 150 ($1.86) to GBX 215 ($2.67) and gave the company an underweight rating in a research note on Monday, November 7th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 155 ($1.92) price target on shares of KAZ Minerals PLC in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 189.60 ($2.35).
Shares of KAZ Minerals PLC (LON:KAZ) opened at 355.40 on Tuesday. The firm’s market cap is GBX 1.59 billion. The firm’s 50-day moving average price is GBX 305.87 and its 200 day moving average price is GBX 199.56. KAZ Minerals PLC has a one year low of GBX 83.62 and a one year high of GBX 378.90.
In related news, insider Heale,Simon purchased 28,000 shares of KAZ Minerals PLC stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of GBX 176 ($2.18) per share, for a total transaction of £49,280 ($61,133.85).
About KAZ Minerals PLC
KAZ Minerals PLC, formerly Kazakhmys PLC, is a United Kingdom-based copper company. The Company is focused on open-pit mining in Kazakhstan. The Company operates through three segments: East Region operations, Mining Projects and Bozymchak. The East Region operations segment consists of the Company’s primary operating entity, Vostoktsvetmet LLC, engaged in the mining and processing of copper and other metals, which are produced as by-products and located in Kazakhstan, and the associated international sales and marketing activities managed out of the United Kingdom.
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