KAZ Minerals (LON:KAZ) PT Lowered to GBX 755

KAZ Minerals (LON:KAZ) had its price objective reduced by Peel Hunt from GBX 790 ($10.32) to GBX 755 ($9.87) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the copper miner’s stock.

KAZ has been the subject of a number of other reports. Deutsche Bank decreased their price target on Vornado Realty Trust from $80.00 to $73.00 and set a hold rating for the company in a report on Wednesday, April 10th. Liberum Capital reiterated a buy rating and issued a GBX 810 ($10.58) price objective on shares of in a report on Wednesday, July 3rd. Goldman Sachs Group upgraded Martin Marietta Materials from a neutral rating to a buy rating and increased their price objective for the company from $207.00 to $232.00 in a report on Thursday, April 11th. Barclays reissued an underweight rating on shares of in a research report on Thursday, July 4th. Finally, JPMorgan Chase & Co. boosted their target price on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. KAZ Minerals presently has a consensus rating of Hold and an average target price of GBX 713.64 ($9.32).

LON:KAZ opened at GBX 530 ($6.93) on Wednesday. The stock has a market capitalization of $2.50 billion and a price-to-earnings ratio of 4.65. The company has a fifty day simple moving average of GBX 553.42. The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 328.75. KAZ Minerals has a 12 month low of GBX 421.50 ($5.51) and a 12 month high of GBX 853.40 ($11.15).

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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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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