Analysts Set KAZ Minerals PLC (KAZ) Price Target at $661.11

Shares of KAZ Minerals PLC (LON:KAZ) have received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 711.67 ($9.30).

A number of equities research analysts recently issued reports on the company. Goldman Sachs Group upgraded KAZ Minerals to a “buy” rating and boosted their price objective for the company from GBX 600 ($7.84) to GBX 800 ($10.45) in a research note on Thursday, April 11th. Liberum Capital restated a “hold” rating on shares of KAZ Minerals in a research note on Tuesday, January 15th. Barclays boosted their price objective on KAZ Minerals from GBX 695 ($9.08) to GBX 750 ($9.80) and gave the company an “overweight” rating in a research note on Friday, April 12th. Morgan Stanley restated an “equal weight” rating on shares of KAZ Minerals in a research note on Wednesday, February 13th. Finally, Peel Hunt restated a “buy” rating on shares of KAZ Minerals in a research note on Wednesday, March 20th.

In other news, insider Andrew Southam sold 242,098 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of GBX 665 ($8.69), for a total transaction of £1,609,951.70 ($2,103,687.05).

Shares of LON:KAZ traded up GBX 11.60 ($0.15) during midday trading on Wednesday, reaching GBX 723.80 ($9.46). The company had a trading volume of 1,304,374 shares, compared to its average volume of 2,660,000. KAZ Minerals has a 52-week low of GBX 421.50 ($5.51) and a 52-week high of GBX 1,102.50 ($14.41). The company has a market capitalization of $3.45 billion and a P/E ratio of 6.35. The company has a debt-to-equity ratio of 328.75, a quick ratio of 1.81 and a current ratio of 2.33.

The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 4.66 ($0.06) per share. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, April 18th. KAZ Minerals’s dividend payout ratio is presently 0.08%.

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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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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