KAZ Minerals (LON:KAZ) Receives Buy Rating from Peel Hunt
Peel Hunt reiterated their buy rating on shares of KAZ Minerals (LON:KAZ) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently weighed in on the stock. Goldman Sachs Group increased their target price on shares of KAZ Minerals from GBX 540 ($7.10) to GBX 550 ($7.23) and gave the company a neutral rating in a research note on Wednesday, February 5th. Credit Suisse Group reduced their price target on shares of KAZ Minerals from GBX 570 ($7.50) to GBX 540 ($7.10) and set a neutral rating on the stock in a research note on Monday, November 25th. Liberum Capital raised shares of KAZ Minerals to a buy rating and raised their price target for the stock from GBX 525 ($6.91) to GBX 770 ($10.13) in a research note on Tuesday, January 14th. Peel Hunt reaffirmed a buy rating and issued a GBX 710 ($9.34) price target on shares of KAZ Minerals in a research note on Wednesday, January 8th. Finally, Barclays reaffirmed an overweight rating and issued a GBX 680 ($8.95) price target on shares of KAZ Minerals in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. KAZ Minerals currently has an average rating of Buy and a consensus target price of GBX 657 ($8.64).
Shares of KAZ opened at GBX 509 ($6.70) on Monday. KAZ Minerals has a twelve month low of GBX 375.30 ($4.94) and a twelve month high of GBX 744.80 ($9.80). The company has a market cap of $2.40 billion and a P/E ratio of 5.15. 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 company’s fifty day simple moving average is GBX 507.56 and its 200-day simple moving average is GBX 480.68.
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.
See Also: Profit Margin
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