KAZ MINL PLC/ADR (KZMYY) Rating Increased to Buy at Goldman Sachs Group
KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.
A number of other brokerages also recently issued reports on KZMYY. Zacks Investment Research downgraded KAZ MINL PLC/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded KAZ MINL PLC/ADR from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. KAZ MINL PLC/ADR has an average rating of “Hold” and a consensus target price of $5.25.
Shares of KZMYY opened at $4.64 on Thursday. The firm has a market capitalization of $4.16 billion, a P/E ratio of 8.59 and a beta of 2.23. KAZ MINL PLC/ADR has a 52-week low of $2.72 and a 52-week high of $7.59.
KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of 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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