KAZ Minerals PLC (KAZ.L) (LON:KAZ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $475.67 and traded as high as $526.00. KAZ Minerals PLC (KAZ.L) shares last traded at $524.00, with a volume of 1,264,871 shares changing hands.
KAZ has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target on KAZ Minerals PLC (KAZ.L) from GBX 450 ($5.88) to GBX 500 ($6.53) and gave the company a “hold” rating in a research note on Wednesday, July 8th. Barclays reissued an “overweight” rating and set a GBX 700 ($9.15) price objective on shares of KAZ Minerals PLC (KAZ.L) in a report on Tuesday, September 15th. Peel Hunt reissued a “buy” rating on shares of KAZ Minerals PLC (KAZ.L) in a report on Thursday, July 30th. Deutsche Bank reissued a “hold” rating on shares of KAZ Minerals PLC (KAZ.L) in a report on Friday, July 31st. Finally, Morgan Stanley raised their price objective on KAZ Minerals PLC (KAZ.L) from GBX 500 ($6.53) to GBX 550 ($7.19) and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 587.92 ($7.68).
The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 4.67. The company has a fifty day simple moving average of GBX 565.60 and a 200 day simple moving average of GBX 476.79. The company has a debt-to-equity ratio of 183.18, a quick ratio of 1.61 and a current ratio of 2.63.
The business also recently announced a dividend, which will be paid on Friday, October 23rd. Shareholders of record on Thursday, October 1st will be issued a dividend of GBX 3.06 ($0.04) per share. This represents a yield of 0.53%. The ex-dividend date is Thursday, October 1st. KAZ Minerals PLC (KAZ.L)’s payout ratio is presently 5.46%.
About KAZ Minerals PLC (KAZ.L) (LON:KAZ)
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 Aktogay and Bozshakol open pit copper mines in the east region and Pavlodar region of Kazakhstan; three underground mines and in the east region of Kazakhstan; and the Bozymchak copper-gold mine in Kyrgyzstan.
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