Peel Hunt Reaffirms Buy Rating for KAZ Minerals (LON:KAZ)
Peel Hunt restated their buy rating on shares of KAZ Minerals (LON:KAZ) in a report published on Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 755 ($9.87) price target on the copper miner’s stock.
Several other research firms have also recently weighed in on KAZ. JPMorgan Chase & Co. decreased their target price on shares of KAZ Minerals from GBX 625 ($8.17) to GBX 595 ($7.77) and set a neutral rating for the company in a research note on Friday, July 5th. Liberum Capital reissued a hold rating on shares of KAZ Minerals in a research note on Tuesday, July 16th. Peel Hunt reissued a buy rating and issued a GBX 755 ($9.87) target price on shares of KAZ Minerals in a research note on Thursday. Barclays reissued an overweight rating and issued a GBX 750 ($9.80) target price on shares of KAZ Minerals in a research note on Thursday, July 4th. Finally, Royal Bank of Canada raised their target price on shares of KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a sector performer rating in a research note on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. KAZ Minerals has a consensus rating of Buy and an average target price of GBX 724.55 ($9.47).
Shares of KAZ opened at GBX 434.50 ($5.68) on Thursday. KAZ Minerals has a twelve month low of GBX 421.50 ($5.51) and a twelve month high of GBX 744.80 ($9.73). The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 328.75. The company has a 50 day moving average of GBX 545.68 and a 200-day moving average of GBX 601.04. The stock has a market capitalization of $2.05 billion and a P/E ratio of 3.81.
In related news, insider Charles Watson acquired 3,246 shares of KAZ Minerals stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of GBX 452 ($5.91) per share, with a total value of £14,671.92 ($19,171.46).
KAZ Minerals Company Profile
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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