Zacks Investment Research upgraded shares of Kaz Minerals Plc (NASDAQ:KZMYY) from a hold rating to a buy rating in a research report released on Wednesday. The brokerage currently has $5.25 target price on the stock.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Shares of Kaz Minerals Plc (NASDAQ KZMYY) remained flat at $4.88 on Wednesday. Kaz Minerals Plc has a 12-month low of $1.16 and a 12-month high of $2.47. The firm’s 50-day moving average is $1.39 and its 200-day moving average is $1.78. The firm has a market capitalization of $4.36 billion and a PE ratio of 15.09.

COPYRIGHT VIOLATION WARNING: “Kaz Minerals Plc (KZMYY) Lifted to Buy at Zacks Investment Research” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://theolympiareport.com/2017/08/27/kaz-minerals-plc-kzmyy-lifted-to-buy-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on Kaz Minerals Plc (KZMYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kaz Minerals Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaz Minerals Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.