KAZ Minerals PLC (LON:KAZ) Receives GBX 680 Average PT from Analysts

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Shares of KAZ Minerals PLC (LON:KAZ) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 643 ($8.40).

A number of equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating on shares of KAZ Minerals in a research note on Friday, October 25th. Peel Hunt reiterated a “buy” rating and set a GBX 745 ($9.73) price objective on shares of KAZ Minerals in a research note on Thursday, October 24th. Goldman Sachs Group increased their price objective on shares of KAZ Minerals from GBX 475 ($6.21) to GBX 500 ($6.53) and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Morgan Stanley reiterated an “overweight” rating and set a GBX 650 ($8.49) price objective on shares of KAZ Minerals in a research note on Thursday, September 12th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 745 ($9.73) price objective on shares of KAZ Minerals in a research note on Thursday, October 24th.

KAZ Minerals stock traded up GBX 13.10 ($0.17) during trading hours on Friday, reaching GBX 482.50 ($6.30). 3,089,749 shares of the stock were exchanged, compared to its average volume of 2,660,000. The company has a market cap of $2.27 billion and a P/E ratio of 4.88. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 185.76. KAZ Minerals has a twelve month low of GBX 375.30 ($4.90) and a twelve month high of GBX 744.80 ($9.73). The stock has a 50 day moving average of GBX 438.30 and a two-hundred day moving average of GBX 525.18.

The business also recently announced a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd were issued a GBX 3.30 ($0.04) dividend. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 0.79%. KAZ Minerals’s dividend payout ratio (DPR) is currently 0.07%.

In related news, insider Charles Watson bought 3,246 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 bought 2,000 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was bought at an average cost of GBX 398 ($5.20) per share, with a total value of £7,960 ($10,401.15).

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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