Insider Buying: KAZ Minerals PLC (LON:KAZ) Insider Purchases £14,671.92 in Stock

KAZ Minerals PLC (LON:KAZ) insider Charles Watson purchased 3,246 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of GBX 452 ($5.91) per share, for a total transaction of £14,671.92 ($19,171.46).

Shares of KAZ opened at GBX 434.50 ($5.68) on Monday. KAZ Minerals PLC has a 1 year low of GBX 421.50 ($5.51) and a 1 year high of GBX 744.80 ($9.73). The company has a debt-to-equity ratio of 328.75, a current ratio of 2.33 and a quick ratio of 1.81. The company has a market capitalization of $2.05 billion and a price-to-earnings ratio of 3.81. The business has a 50-day moving average of GBX 545.68 and a 200-day moving average of GBX 601.04.

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

A number of analysts have recently commented on the company. HSBC raised KAZ Minerals to a “buy” rating and cut their price target for the company from GBX 700 ($9.15) to GBX 690 ($9.02) in a research note on Tuesday, May 28th. Liberum Capital reissued a “hold” rating on shares of KAZ Minerals in a research note on Tuesday, July 16th. UBS Group reissued a “buy” rating on shares of KAZ Minerals in a research note on Friday. Royal Bank of Canada lifted their price target on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the company a “sector performer” rating in a research note on Friday, June 28th. Finally, Peel Hunt restated a “buy” rating and set a GBX 755 ($9.87) price objective on shares of KAZ Minerals in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 724.55 ($9.47).

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.

Further Reading: Hold Rating

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