KAZ Minerals PLC (KAZ) Given New GBX 500 Price Target at Deutsche Bank AG
KAZ Minerals PLC (LON:KAZ) had its target price hoisted by Deutsche Bank AG from GBX 400 ($5.19) to GBX 500 ($6.49) in a report published on Friday morning, MarketBeat Ratings reports. The brokerage currently has a sell rating on the copper miner’s stock.
A number of other equities research analysts have also weighed in on KAZ. Barclays PLC boosted their price objective on shares of KAZ Minerals PLC from GBX 390 ($5.06) to GBX 400 ($5.19) and gave the company an equal weight rating in a report on Friday, April 21st. J P Morgan Chase & Co reissued an overweight rating on shares of KAZ Minerals PLC in a report on Friday, April 28th. Liberum Capital reissued a sell rating and set a GBX 100 ($1.30) price objective on shares of KAZ Minerals PLC in a report on Wednesday, May 10th. Macquarie reissued an outperform rating on shares of KAZ Minerals PLC in a report on Wednesday, May 10th. Finally, Canaccord Genuity reissued a buy rating on shares of KAZ Minerals PLC in a report on Friday, May 12th. Three 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. KAZ Minerals PLC currently has an average rating of Hold and a consensus target price of GBX 346.54 ($4.50).
KAZ Minerals PLC (KAZ) opened at 731.50 on Friday. The company’s market capitalization is GBX 3.27 billion. KAZ Minerals PLC has a 12-month low of GBX 168.02 and a 12-month high of GBX 752.50. The stock’s 50 day moving average price is GBX 652.90 and its 200 day moving average price is GBX 534.30.
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.
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