Shares of KAZ Minerals PLC (LON:KAZ) have been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 639.38 ($8.35).
Several equities analysts have weighed in on the stock. Peel Hunt restated a “buy” rating and set a GBX 770 ($10.06) price target (down from GBX 810 ($10.58)) on shares of KAZ Minerals in a report on Thursday, February 21st. Barclays lowered their price target on shares of KAZ Minerals from GBX 700 ($9.15) to GBX 695 ($9.08) and set an “overweight” rating on the stock in a report on Monday, February 25th. Deutsche Bank boosted their price target on shares of KAZ Minerals from GBX 580 ($7.58) to GBX 650 ($8.49) and gave the company a “hold” rating in a report on Monday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of KAZ Minerals from GBX 550 ($7.19) to GBX 530 ($6.93) and set a “neutral” rating on the stock in a report on Friday, February 22nd. Finally, Goldman Sachs Group boosted their price target on shares of KAZ Minerals from GBX 575 ($7.51) to GBX 600 ($7.84) and gave the company a “neutral” rating in a report on Wednesday, February 27th.
LON KAZ traded down GBX 3 ($0.04) on Friday, hitting GBX 625.40 ($8.17). 3,599,459 shares of the stock were exchanged, compared to its average volume of 2,660,000. KAZ Minerals has a 52-week low of GBX 421.50 ($5.51) and a 52-week high of GBX 1,102.50 ($14.41). The company has a debt-to-equity ratio of 327.61, a quick ratio of 1.74 and a current ratio of 2.33. The stock has a market cap of $2.95 billion and a price-to-earnings ratio of 5.49.
The company also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 4.66 ($0.06) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, April 18th. KAZ Minerals’s dividend payout ratio is 0.08%.
In other KAZ Minerals news, insider Andrew Southam sold 242,098 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 665 ($8.69), for a total transaction of £1,609,951.70 ($2,103,687.05).
About KAZ Minerals
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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