Is Kaz Minerals PLC (LON:KAZ) Now a Buy? How Analysts Rate it and Why Morgan Stanley Upgraded The Stock

September 8, 2018 - By Richard Slagle

KAZ Minerals PLC (LON:KAZ) Logo

Kaz Minerals PLC (LON:KAZ) Stock Upgrade

The previous rating for shares of Kaz Minerals PLC (LON:KAZ) has been supplanted by today’s new rating by Morgan Stanley, who raised shares to a Equal weight.

KAZ Minerals PLC (LON:KAZ) Ratings Coverage

Among 13 analysts covering Kaz Minerals (LON:KAZ), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Kaz Minerals has GBX 1050 highest and GBX 460 lowest target. GBX 777.31’s average target is 76.46% above currents GBX 440.5 stock price. Kaz Minerals had 35 analyst reports since December 21, 2018 according to SRatingsIntel. On Thursday, August 2 the stock rating was maintained by Liberum Capital with “Sell”. On Wednesday, April 18 the stock rating was downgraded by HSBC to “Reduce”. Citigroup maintained the stock with “Buy” rating in Monday, August 20 report. The company was maintained on Monday, August 6 by Barclays Capital. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, September 5. The firm has “Buy” rating by Peel Hunt given on Thursday, July 26. The rating was upgraded by Morgan Stanley to “Equal Weight” on Thursday, September 6. The rating was maintained by Citigroup on Friday, April 6 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Friday, August 17. The firm earned “Buy” rating on Monday, June 11 by Citigroup.

The stock decreased 3.61% or GBX 16.5 during the last trading session, reaching GBX 440.5. About 3.38 million shares traded. KAZ Minerals PLC (LON:KAZ) has 0.00% since September 8, 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 1.97 billion GBP. It operates through East Region, Bozymchak, Bozshakol, and Aktogay divisions. It has a 3.66 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.

Another recent and important KAZ Minerals PLC (LON:KAZ) news was published by Mining.com which published an article titled: “Kaz Minerals surprises market with dividend, Russian copper project buy” on August 16, 2018.

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