Liberum Capital reaffirmed their hold rating on shares of KAZ Minerals (LON:KAZ) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on KAZ. UBS Group raised shares of KAZ Minerals to a buy rating and lifted their target price for the company from GBX 700 ($9.15) to GBX 900 ($11.76) in a report on Friday, April 12th. Barclays lifted their target price on shares of KAZ Minerals from GBX 695 ($9.08) to GBX 750 ($9.80) and gave the company an overweight rating in a report on Friday, April 12th. Goldman Sachs Group raised shares of KAZ Minerals to a buy rating and lifted their target price for the company from GBX 600 ($7.84) to GBX 800 ($10.45) in a report on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of KAZ Minerals from GBX 530 ($6.93) to GBX 635 ($8.30) and gave the company a neutral rating in a report on Wednesday, April 10th. Finally, Deutsche Bank lifted their target price on shares of KAZ Minerals from GBX 650 ($8.49) to GBX 680 ($8.89) and gave the company a hold rating in a report on Wednesday, April 10th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. KAZ Minerals has a consensus rating of Hold and a consensus price target of GBX 716.82 ($9.37).
KAZ opened at GBX 556.60 ($7.27) on Wednesday. KAZ Minerals has a 12-month low of GBX 421.50 ($5.51) and a 12-month high of GBX 859.20 ($11.23). 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 stock has a market cap of $2.62 billion and a price-to-earnings ratio of 4.88. The stock’s 50 day simple moving average is GBX 554.52.
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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