KAZ Minerals PLC (KAZ) Receives GBX 793.33 Consensus PT from Analysts
Shares of KAZ Minerals PLC (LON:KAZ) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 793.33 ($10.37).
A number of research firms have weighed in on KAZ. Deutsche Bank restated a “hold” rating on shares of KAZ Minerals in a research note on Friday, July 27th. Credit Suisse Group lowered KAZ Minerals to a “neutral” rating and dropped their price objective for the stock from GBX 1,050 ($13.72) to GBX 630 ($8.23) in a report on Friday, August 17th. Morgan Stanley reaffirmed an “underweight” rating on shares of KAZ Minerals in a report on Friday, June 29th. Peel Hunt reaffirmed a “buy” rating on shares of KAZ Minerals in a report on Thursday, July 26th. Finally, Barclays reaffirmed an “overweight” rating on shares of KAZ Minerals in a report on Wednesday, July 18th.
In related news, insider Michael David Lynch-Bell purchased 1,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were purchased at an average price of GBX 476 ($6.22) per share, with a total value of £4,760 ($6,219.78). Also, insider Andrew Southam purchased 8,038 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were bought at an average cost of GBX 495 ($6.47) per share, for a total transaction of £39,788.10 ($51,990.20). In the last ninety days, insiders have acquired 11,101 shares of company stock worth $5,432,672.
The company also recently disclosed a dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Thursday, September 6th were issued a dividend of GBX 4.69 ($0.06) per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 6th.
About KAZ Minerals
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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