KAZ Minerals (LON:KAZ) Share Price Crosses Above 200-Day Moving Average of $540.17

KAZ Minerals PLC (LON:KAZ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $540.17 and traded as high as $440.60. KAZ Minerals shares last traded at $434.10, with a volume of 1,806,548 shares trading hands.

A number of research analysts have issued reports on the company. Peel Hunt restated a “buy” rating and issued a GBX 755 ($9.87) price objective on shares of KAZ Minerals in a research note on Thursday, August 15th. Barclays restated an “overweight” rating and issued a GBX 750 ($9.80) price objective on shares of KAZ Minerals in a research note on Friday, August 16th. Royal Bank of Canada upped their price objective on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a “sector performer” rating in a research note on Friday, June 28th. Jefferies Financial Group reduced their price objective on KAZ Minerals from GBX 600 ($7.84) to GBX 550 ($7.19) and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, UBS Group restated a “buy” rating and issued a GBX 800 ($10.45) price objective (down previously from GBX 850 ($11.11)) on shares of KAZ Minerals in a research note on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. KAZ Minerals presently has a consensus rating of “Buy” and a consensus target price of GBX 681.54 ($8.91).

The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 185.76. The business has a 50-day moving average price of GBX 419.65 and a 200 day moving average price of GBX 539.21. The stock has a market cap of $2.05 billion and a PE ratio of 4.39.

The company also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 0.79%. KAZ Minerals’s dividend payout ratio is presently 0.07%.

In other news, insider Charles Watson purchased 3,246 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of GBX 452 ($5.91) per share, with a total value of £14,671.92 ($19,171.46). Also, insider Lynda Armstrong purchased 2,000 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of GBX 398 ($5.20) per share, for a total transaction of £7,960 ($10,401.15).

About KAZ Minerals (LON:KAZ)

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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