KAZ Minerals (KAZ) Receives Hold Rating from Deutsche Bank

KAZ Minerals (LON:KAZ)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, July 27th.

Several other brokerages have also recently issued reports on KAZ. Peel Hunt raised KAZ Minerals to a “buy” rating and lifted their target price for the company from GBX 920 ($11.91) to GBX 1,035 ($13.40) in a research report on Friday, July 13th. Citigroup reaffirmed a “buy” rating on shares of KAZ Minerals in a research report on Friday, April 6th. Goldman Sachs Group cut KAZ Minerals to a “neutral” rating and set a GBX 1,000 ($12.94) target price on the stock. in a research report on Sunday, April 15th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,030 ($13.33) target price on shares of KAZ Minerals in a research report on Thursday, April 5th. Finally, BMO Capital Markets raised KAZ Minerals to an “outperform” rating and set a GBX 1,050 ($13.59) target price on the stock in a research report on Thursday, June 28th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. KAZ Minerals has a consensus rating of “Hold” and an average price target of GBX 828.33 ($10.72).

KAZ Minerals traded down GBX 8.80 ($0.11), reaching GBX 612.40 ($7.93), during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 2,873,095 shares, compared to its average volume of 2,660,000. KAZ Minerals has a fifty-two week low of GBX 413.10 ($5.35) and a fifty-two week high of GBX 974.20 ($12.61).

About KAZ Minerals

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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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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