Barclays Raises KAZ Minerals (LON:KAZ) Price Target to GBX 700

KAZ Minerals (LON:KAZ) had its price target lifted by Barclays from GBX 600 ($7.38) to GBX 700 ($8.61) in a research note released on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the copper miner’s stock.

Other analysts have also recently issued reports about the stock. Deutsche Bank restated a hold rating on shares of KAZ Minerals in a research report on Thursday, July 2nd. Peel Hunt restated a buy rating on shares of KAZ Minerals in a research report on Tuesday. Royal Bank of Canada raised their price objective on KAZ Minerals from GBX 405 ($4.98) to GBX 485 ($5.97) and gave the company a sector performer rating in a research note on Thursday, June 18th. Morgan Stanley boosted their target price on KAZ Minerals from GBX 500 ($6.15) to GBX 550 ($6.77) and gave the company an overweight rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group increased their price target on KAZ Minerals from GBX 450 ($5.54) to GBX 500 ($6.15) and gave the company a hold rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 594.51 ($7.32).

KAZ Minerals stock opened at GBX 522 ($6.42) on Wednesday. KAZ Minerals has a 52-week low of GBX 256.20 ($3.15) and a 52-week high of GBX 598.20 ($7.36). The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 152.35. The firm’s fifty day moving average is GBX 467.06 and its 200 day moving average is GBX 444.54. The company has a market cap of $2.45 billion and a price-to-earnings ratio of 4.44.

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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