Zacks Investment Research Lowers Kaz Minerals (KZMYY) to Sell

Zacks Investment Research lowered shares of Kaz Minerals (OTCMKTS:KZMYY) from a hold rating to a sell rating in a research note published on Friday morning.

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. “

Shares of Kaz Minerals (OTCMKTS:KZMYY) opened at $6.17 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.75 and a debt-to-equity ratio of 4.05. Kaz Minerals has a twelve month low of $2.76 and a twelve month high of $6.65.

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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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