KAZ Minerals PLC (KAZ) Plans Dividend of GBX 4.66

KAZ Minerals PLC (LON:KAZ) declared a dividend on Thursday, February 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be given a dividend of GBX 4.66 ($0.06) per share by the copper miner on Friday, May 17th. This represents a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 18th. The official announcement can be accessed at this link.

KAZ stock opened at GBX 724.30 ($9.46) on Wednesday. The company has a market capitalization of $3.40 billion and a P/E ratio of 6.35. KAZ Minerals has a 12-month low of GBX 421.50 ($5.51) and a 12-month high of GBX 1,102.50 ($14.41). The company has a current ratio of 2.33, a quick ratio of 1.81 and a debt-to-equity ratio of 328.75.

In other news, insider Andrew Southam sold 242,098 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 665 ($8.69), for a total transaction of £1,609,951.70 ($2,103,687.05).

Several equities analysts recently issued reports on the company. Barclays upped their price objective on KAZ Minerals from GBX 695 ($9.08) to GBX 750 ($9.80) and gave the company an “overweight” rating in a research report on Friday, April 12th. Deutsche Bank upped their price objective on KAZ Minerals from GBX 650 ($8.49) to GBX 680 ($8.89) and gave the company a “hold” rating in a research report on Wednesday, April 10th. UBS Group raised KAZ Minerals to a “buy” rating and upped their price objective for the company from GBX 700 ($9.15) to GBX 900 ($11.76) in a research report on Friday, April 12th. Goldman Sachs Group raised KAZ Minerals to a “buy” rating and upped their price objective for the company from GBX 600 ($7.84) to GBX 800 ($10.45) in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on KAZ Minerals from GBX 530 ($6.93) to GBX 635 ($8.30) and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. KAZ Minerals has an average rating of “Hold” and a consensus target price of GBX 734.58 ($9.60).

TRADEMARK VIOLATION NOTICE: This story was originally posted by WKRB News and is the property of of WKRB News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.wkrb13.com/2019/04/17/kaz-minerals-plc-kaz-plans-dividend-of-gbx-4-66.html.

KAZ Minerals Company Profile

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.

Featured Story: What is a short straddle?

Receive News & Ratings for KAZ Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAZ Minerals and related companies with MarketBeat.com's FREE daily email newsletter.