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.

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