Citigroup Reaffirms Buy Rating for KAZ Minerals (KAZ)

Citigroup reissued their buy rating on shares of KAZ Minerals (LON:KAZ) in a research report sent to investors on Friday morning. The firm currently has a GBX 1,040 ($14.50) target price on the copper miner’s stock.

KAZ has been the subject of a number of other reports. Peel Hunt restated an add rating on shares of KAZ Minerals in a research report on Thursday, January 25th. Deutsche Bank downgraded KAZ Minerals to a sell rating and set a GBX 800 ($11.16) price objective for the company. in a research report on Thursday, March 15th. HSBC downgraded KAZ Minerals to a reduce rating and set a GBX 760 ($10.60) price objective for the company. in a research report on Wednesday, April 18th. JPMorgan Chase cut their price objective on KAZ Minerals to GBX 1,000 ($13.95) and set an overweight rating for the company in a research report on Monday, April 9th. Finally, BNP Paribas reiterated an outperform rating and set a GBX 1,030 ($14.37) price objective on shares of KAZ Minerals in a research report on Thursday, April 5th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 745.83 ($10.40).

LON KAZ opened at GBX 914.60 ($12.76) on Friday. KAZ Minerals has a one year low of GBX 413.10 ($5.76) and a one year high of GBX 974.20 ($13.59).

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. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern 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.

Analyst Recommendations for KAZ Minerals (LON:KAZ)

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