KAZ Minerals (KAZ) Price Target Cut to GBX 635 by Analysts at JPMorgan Chase & Co.
KAZ Minerals (LON:KAZ) had its price objective reduced by JPMorgan Chase & Co. from GBX 970 ($12.37) to GBX 635 ($8.10) in a research report released on Friday morning. JPMorgan Chase & Co. currently has a neutral rating on the copper miner’s stock.
A number of other equities research analysts have also recently commented on KAZ. Peel Hunt cut KAZ Minerals to a hold rating and set a GBX 920 ($11.74) target price on the stock. in a research report on Friday, April 27th. Citigroup restated a buy rating and set a GBX 1,040 ($13.27) target price on shares of KAZ Minerals in a research report on Friday, April 27th. BMO Capital Markets upgraded KAZ Minerals to an outperform rating and set a GBX 1,050 ($13.39) target price on the stock in a research report on Thursday, June 28th. Morgan Stanley restated an underweight rating on shares of KAZ Minerals in a research report on Friday, June 29th. Finally, Barclays restated an overweight rating on shares of KAZ Minerals in a research report on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 781.92 ($9.97).
Shares of LON:KAZ traded down GBX 81.70 ($1.04) during trading on Friday, reaching GBX 478.50 ($6.10). 9,123,371 shares of the company’s stock traded hands, compared to its average volume of 2,660,000. KAZ Minerals has a fifty-two week low of GBX 413.10 ($5.27) and a fifty-two week high of GBX 974.20 ($12.43).
KAZ Minerals Company Profile
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern 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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