Jefferies Group Weighs in on Kaz Minerals Plc’s FY2019 Earnings (KZMYY)

Kaz Minerals Plc (OTCMKTS:KZMYY) – Investment analysts at Jefferies Group dropped their FY2019 earnings estimates for shares of Kaz Minerals in a report released on Tuesday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.96 per share for the year, down from their previous forecast of $1.05.

Separately, Zacks Investment Research lowered Kaz Minerals from a “hold” rating to a “sell” rating in a research report on Friday.

Shares of Kaz Minerals (OTCMKTS:KZMYY) traded up $0.13 during trading hours on Thursday, reaching $6.17. The company’s stock had a trading volume of 400 shares, compared to its average volume of 3,450. Kaz Minerals has a fifty-two week low of $2.76 and a fifty-two week high of $6.65. The company has a quick ratio of 1.75, a current ratio of 2.09 and a debt-to-equity ratio of 4.05.

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Kaz Minerals Company Profile

KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. It operates through East Region, Bozymchak, Bozshakol, and Aktogay segments. The company operates four underground mines and three concentrators located in the eastern region of Kazakhstan; Bozymchak copper-gold open pit mine located in Kyrgyzstan; the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; and Aktogay open pit located in eastern Kazakhstan.

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