Jefferies Group Comments on Kaz Minerals Plc’s FY2017 Earnings (KZMYY)

Kaz Minerals Plc (OTCMKTS:KZMYY) – Equities research analysts at Jefferies Group cut their FY2017 earnings per share estimates for shares of Kaz Minerals in a research note issued on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $0.51 for the year, down from their prior forecast of $0.52. Jefferies Group also issued estimates for Kaz Minerals’ FY2018 earnings at $0.72 EPS, FY2019 earnings at $0.98 EPS and FY2020 earnings at $1.17 EPS.

Separately, Zacks Investment Research raised Kaz Minerals from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Tuesday, January 9th.

Kaz Minerals (KZMYY) opened at $6.17 on Monday. 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 one year low of $2.76 and a one year high of $6.65.

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About Kaz Minerals

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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