KAZ Minerals’ (KAZ) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their buy rating on shares of KAZ Minerals (LON:KAZ) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. UBS Group restated a buy rating on shares of KAZ Minerals in a research report on Friday, May 1st. Royal Bank of Canada upped their target price on shares of KAZ Minerals from GBX 405 ($4.98) to GBX 485 ($5.97) and gave the company a sector performer rating in a research report on Thursday, June 18th. Deutsche Bank increased their price objective on shares of KAZ Minerals from GBX 530 ($6.52) to GBX 560 ($6.89) and gave the stock a hold rating in a research report on Monday, July 13th. Morgan Stanley increased their price objective on shares of KAZ Minerals from GBX 500 ($6.15) to GBX 550 ($6.77) and gave the stock an overweight rating in a research report on Tuesday, June 23rd. Finally, Barclays increased their price objective on shares of KAZ Minerals from GBX 600 ($7.38) to GBX 700 ($8.61) and gave the stock an overweight rating in a research report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 609.29 ($7.50).

Shares of LON KAZ opened at GBX 540.60 ($6.65) on Thursday. The firm’s 50-day moving average price is GBX 501.26 and its 200-day moving average price is GBX 445.19. 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 stock has a market capitalization of $2.55 billion and a price-to-earnings ratio of 4.62. KAZ Minerals has a 12-month low of GBX 4.63 ($0.06) and a 12-month high of GBX 598.20 ($7.36).

About KAZ Minerals

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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