KAZ Minerals (KAZ) Price Target Cut to GBX 660
KAZ Minerals (LON:KAZ) had its price target dropped by UBS Group from GBX 940 ($11.99) to GBX 660 ($8.42) in a research note issued to investors on Friday, www.digitallook.com reports. The brokerage currently has a “neutral” rating on the copper miner’s stock. UBS Group’s price target suggests a potential upside of 37.93% from the stock’s current price.
A number of other brokerages have also issued reports on KAZ. Peel Hunt restated a “hold” rating and set a GBX 920 ($11.74) target price on shares of KAZ Minerals in a research report on Thursday, June 7th. 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 Monday, June 11th. BMO Capital Markets upgraded shares of 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. Deutsche Bank restated a “hold” rating on shares of KAZ Minerals in a research report on Friday, July 27th. Finally, Morgan Stanley restated an “underweight” rating on shares of KAZ Minerals in a research report on Friday, June 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. KAZ Minerals currently has a consensus rating of “Hold” and a consensus price target of GBX 806.25 ($10.29).
Shares of LON:KAZ opened at GBX 478.50 ($6.10) on Friday. KAZ Minerals has a 12-month low of GBX 413.10 ($5.27) and a 12-month high of GBX 974.20 ($12.43).
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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