KAZ Minerals (LON:KAZ)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 650 ($8.49) price target on the copper miner’s stock. Morgan Stanley’s target price points to a potential upside of 41.37% from the company’s previous close.

A number of other analysts have also recently issued reports on KAZ. Peel Hunt reiterated a “buy” rating and issued a GBX 755 ($9.87) target price on shares of KAZ Minerals in a research note on Thursday, August 15th. Royal Bank of Canada lifted 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. Liberum Capital reiterated a “hold” rating on shares of KAZ Minerals in a research note on Tuesday, July 16th. UBS Group reiterated a “buy” rating on shares of KAZ Minerals in a research note on Friday, August 16th. Finally, HSBC upgraded shares of KAZ Minerals to a “buy” rating and reduced their target price for the company from GBX 700 ($9.15) to GBX 690 ($9.02) in a research note on Tuesday, May 28th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 700.83 ($9.16).

LON KAZ traded up GBX 22.80 ($0.30) during trading on Thursday, reaching GBX 459.80 ($6.01). The company’s stock had a trading volume of 1,579,636 shares, compared to its average volume of 2,660,000. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 185.76. The stock has a market capitalization of $2.17 billion and a PE ratio of 4.65. The business has a 50-day moving average price of GBX 479.98 and a 200-day moving average price of GBX 578.50. KAZ Minerals has a 1-year low of GBX 375.80 ($4.91) and a 1-year high of GBX 744.80 ($9.73).

In other KAZ Minerals news, insider Andrew Southam sold 147,608 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of GBX 398 ($5.20), for a total value of £587,479.84 ($767,646.47). Also, insider Charles Watson purchased 3,246 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of GBX 452 ($5.91) per share, for a total transaction 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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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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