Morgan Stanley restated their overweight rating on shares of KAZ Minerals (LON:KAZ) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank reaffirmed a hold rating on shares of KAZ Minerals in a research note on Thursday, May 14th. Royal Bank of Canada lowered their target price on shares of KAZ Minerals from GBX 500 ($6.36) to GBX 350 ($4.45) and set a sector performer rating on the stock in a research note on Monday, April 6th. Peel Hunt reaffirmed a buy rating on shares of KAZ Minerals in a research note on Friday, June 5th. Jefferies Financial Group boosted their price target on shares of KAZ Minerals from GBX 350 ($4.45) to GBX 400 ($5.09) and gave the company a hold rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of KAZ Minerals from GBX 550 ($7.00) to GBX 400 ($5.09) and set a neutral rating on the stock in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 567.01 ($7.22).
KAZ traded down GBX 26.30 ($0.33) on Wednesday, hitting GBX 436.80 ($5.56). 1,244,607 shares of the company’s stock were exchanged, compared to its average volume of 2,660,000. KAZ Minerals has a fifty-two week low of GBX 256.20 ($3.26) and a fifty-two week high of GBX 629.20 ($8.01). The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 152.35. The firm has a 50-day moving average price of GBX 432.76 and a 200-day moving average price of GBX 449.90. The stock has a market cap of $2.10 billion and a price-to-earnings ratio of 3.73.
KAZ Minerals Company Profile
KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of 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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