Deutsche Bank Reaffirms “Hold” Rating for KAZ Minerals (LON:KAZ)

Deutsche Bank restated their hold rating on shares of KAZ Minerals (LON:KAZ) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on the company. Peel Hunt reiterated a buy rating and issued a GBX 755 ($9.87) price target on shares of KAZ Minerals in a report on Thursday. HSBC upgraded KAZ Minerals to a buy rating and reduced their price target for the stock from GBX 700 ($9.15) to GBX 690 ($9.02) in a report on Tuesday, May 28th. Royal Bank of Canada increased their price target on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the stock a sector performer rating in a report on Friday, June 28th. UBS Group reiterated a buy rating on shares of KAZ Minerals in a report on Friday, July 26th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 755 ($9.87) price target on shares of KAZ Minerals in a report on Thursday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 724.55 ($9.47).

Shares of LON KAZ opened at GBX 434.50 ($5.68) on Friday. The company has a debt-to-equity ratio of 328.75, a quick ratio of 1.81 and a current ratio of 2.33. The business’s 50 day moving average price is GBX 545.68 and its 200-day moving average price is GBX 601.04. KAZ Minerals has a fifty-two week low of GBX 421.50 ($5.51) and a fifty-two week high of GBX 744.80 ($9.73). The company has a market cap of $2.05 billion and a price-to-earnings ratio of 3.81.

The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 3rd will be paid a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 0.79%. KAZ Minerals’s dividend payout ratio (DPR) is currently 0.08%.

In other news, insider Charles Watson acquired 3,246 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of GBX 452 ($5.91) per share, with a total value of £14,671.92 ($19,171.46).

KAZ Minerals Company Profile

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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