KAZ Minerals’ (KAZ) Overweight Rating Reiterated at Barclays

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Barclays reiterated their overweight rating on shares of KAZ Minerals (LON:KAZ) in a research report report published on Friday morning, Digital Look reports. They currently have a GBX 750 ($9.80) target price on the copper miner’s stock.

A number of other research firms have also recently issued reports on KAZ. JPMorgan Chase & Co. decreased their target price on KAZ Minerals from GBX 595 ($7.77) to GBX 590 ($7.71) and set a neutral rating on the stock in a research report on Friday. Peel Hunt reiterated a buy rating and issued a GBX 755 ($9.87) target price on shares of KAZ Minerals in a research report on Thursday. Royal Bank of Canada lifted their target price on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a sector performer rating in a research report on Friday, June 28th. Peel Hunt reiterated a buy rating and issued a GBX 755 ($9.87) target price on shares of KAZ Minerals in a research report on Thursday. Finally, HSBC upgraded KAZ Minerals to a buy rating and decreased their target price for the company from GBX 700 ($9.15) to GBX 690 ($9.02) in a research report on Tuesday, May 28th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 724.55 ($9.47).

KAZ Minerals stock opened at GBX 434.50 ($5.68) on Friday. KAZ Minerals has a 12-month low of GBX 421.50 ($5.51) and a 12-month high of GBX 744.80 ($9.73). The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 328.75. The business’s 50-day moving average price is GBX 545.68 and its two-hundred day moving average price is GBX 601.04. The stock has a market cap of $2.05 billion and a PE ratio of 3.81.

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

In other news, insider Charles Watson purchased 3,246 shares of KAZ Minerals stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of GBX 452 ($5.91) per share, for a total transaction of £14,671.92 ($19,171.46).

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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