KAZ Minerals (LON:KAZ) was upgraded by equities research analysts at BMO Capital Markets to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 1,050 ($13.98) price objective on the copper miner’s stock. BMO Capital Markets’ price target would suggest a potential upside of 24.56% from the stock’s previous close.
Several other analysts have also recently issued reports on the company. Citigroup reaffirmed a “buy” rating and set a GBX 1,040 ($13.85) price objective on shares of KAZ Minerals in a report on Monday, June 11th. Peel Hunt reaffirmed a “hold” rating and set a GBX 920 ($12.25) price objective on shares of KAZ Minerals in a report on Thursday, June 7th. HSBC cut KAZ Minerals to a “reduce” rating and set a GBX 760 ($10.12) price objective on the stock. in a report on Wednesday, April 18th. Goldman Sachs Group cut KAZ Minerals to a “neutral” rating and set a GBX 1,000 ($13.31) price objective on the stock. in a report on Sunday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on KAZ Minerals to GBX 1,000 ($13.31) and set an “overweight” rating on the stock in a report on Monday, April 9th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 795.83 ($10.60).
Shares of KAZ opened at GBX 843 ($11.22) on Thursday. KAZ Minerals has a 1 year low of GBX 413.10 ($5.50) and a 1 year high of GBX 974.20 ($12.97).
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.
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