Zacks Investment Research Lowers KAZ MINL PLC/ADR (OTCMKTS:KZMYY) to Hold
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. “
A number of other equities analysts also recently commented on KZMYY. ValuEngine downgraded shares of KAZ MINL PLC/ADR from a sell rating to a strong sell rating in a research report on Monday, May 18th. UBS Group downgraded shares of KAZ MINL PLC/ADR from a buy rating to a neutral rating in a research report on Friday, August 21st. Credit Suisse Group upgraded shares of KAZ MINL PLC/ADR from an underperform rating to a neutral rating in a research report on Wednesday, August 5th. Morgan Stanley restated an overweight rating on shares of KAZ MINL PLC/ADR in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of KAZ MINL PLC/ADR in a research report on Friday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $4.00.
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 2nd will be issued a $0.018 dividend. The ex-dividend date of this dividend is Thursday, October 1st. KAZ MINL PLC/ADR’s dividend payout ratio is presently 12.07%.
KAZ MINL PLC/ADR 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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