KAZ MINL PLC/ADR (KZMYY) Upgraded to Buy at Zacks Investment Research

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KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Wednesday. The firm presently has a $4.25 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 6.52% from the stock’s current price.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Separately, ValuEngine upgraded KAZ MINL PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th.

Shares of OTCMKTS KZMYY opened at $3.99 on Wednesday. KAZ MINL PLC/ADR has a fifty-two week low of $2.72 and a fifty-two week high of $7.59. The company has a quick ratio of 2.14, a current ratio of 2.62 and a debt-to-equity ratio of 2.66. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 7.39 and a beta of 2.52.

KAZ MINL PLC/ADR Company Profile

KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern 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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