Kaz Minerals PLC (LON:KAZ) Has Gained a Vote of Confidence Today From Deutsche Bank. What Does This Ultimately Mean?

July 27, 2018 - By Billy Entrekin

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Kaz Minerals PLC (LON:KAZ) Stock Upgrade

Shares of Kaz Minerals PLC (LON:KAZ) were increased to a solid Hold rating by equity analysts working for Deutsche Bank. KAZ’s previous rating has been discontinued by the firm.

KAZ Minerals PLC (LON:KAZ) Ratings Coverage

Among 13 analysts covering Kaz Minerals (LON:KAZ), 8 have Buy rating, 3 Sell and 2 Hold. Therefore 62% are positive. Kaz Minerals has GBX 1050 highest and GBX 460 lowest target. GBX 908.85’s average target is 8.84% above currents GBX 835 stock price. Kaz Minerals had 30 analyst reports since December 21, 2018 according to SRatingsIntel. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, March 28. The firm has “Reduce” rating given on Wednesday, April 18 by HSBC. The firm has “Underweight” rating given on Friday, June 29 by Morgan Stanley. Citigroup maintained the stock with “Buy” rating in Friday, February 23 report. The stock of KAZ Minerals PLC (LON:KAZ) has “Sell” rating given on Thursday, February 22 by Liberum Capital. The rating was maintained by Peel Hunt with “Add” on Thursday, February 22. The rating was downgraded by Peel Hunt to “Hold” on Friday, April 27. Citigroup maintained the shares of KAZ in report on Friday, April 27 with “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, February 23 report. The stock has “Buy” rating by Citigroup on Friday, April 6.

The stock increased 0.89% or GBX 7.4 during the last trading session, reaching GBX 835. About 314,273 shares traded. KAZ Minerals PLC (LON:KAZ) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company has market cap of 3.73 billion GBP. It operates through East Region, Bozymchak, Bozshakol, and Aktogay divisions. It has a 8.34 P/E ratio. The firm 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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