KAZ Minerals (LON:KAZ) PT Raised to GBX 735 at Peel Hunt
KAZ Minerals (LON:KAZ) had its price objective raised by Peel Hunt from GBX 710 ($9.34) to GBX 735 ($9.67) in a research note published on Tuesday, Stock Target Advisor reports. Peel Hunt currently has a buy rating on the copper miner’s stock.
KAZ has been the subject of several other reports. Credit Suisse Group lowered their price objective on shares of KAZ Minerals from GBX 570 ($7.50) to GBX 540 ($7.10) and set a neutral rating for the company in a report on Monday, November 25th. UBS Group restated a buy rating on shares of KAZ Minerals in a report on Wednesday, January 29th. Goldman Sachs Group raised their price objective on shares of KAZ Minerals from GBX 540 ($7.10) to GBX 550 ($7.23) and gave the stock a neutral rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of KAZ Minerals from GBX 600 ($7.89) to GBX 685 ($9.01) and gave the stock a neutral rating in a report on Tuesday, December 17th. Finally, Barclays restated an overweight rating and issued a GBX 680 ($8.95) price objective on shares of KAZ Minerals in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. KAZ Minerals presently has an average rating of Buy and an average target price of GBX 657 ($8.64).
Shares of KAZ opened at GBX 495 ($6.51) on Tuesday. The company has a debt-to-equity ratio of 185.76, a current ratio of 1.57 and a quick ratio of 0.89. KAZ Minerals has a one year low of GBX 375.30 ($4.94) and a one year high of GBX 744.80 ($9.80). The company has a 50-day simple moving average of GBX 511.51 and a two-hundred day simple moving average of GBX 482.65. The firm has a market capitalization of $2.34 billion and a PE ratio of 5.01.
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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