Peel Hunt Trims KAZ Minerals (LON:KAZ) Target Price to GBX 580

KAZ Minerals (LON:KAZ) had its price target cut by Peel Hunt from GBX 685 ($9.01) to GBX 580 ($7.63) in a research note published on Monday, Stock Target Advisor reports. They currently have a buy rating on the copper miner’s stock.

A number of other brokerages also recently weighed in on KAZ. JPMorgan Chase & Co. lowered their price target on KAZ Minerals from GBX 620 ($8.16) to GBX 550 ($7.23) and set a neutral rating on the stock in a research report on Thursday, March 5th. Deutsche Bank raised KAZ Minerals to a hold rating and decreased their target price for the stock from GBX 610 ($8.02) to GBX 410 ($5.39) in a report on Friday, March 20th. Jefferies Financial Group dropped their price target on KAZ Minerals from GBX 500 ($6.58) to GBX 350 ($4.60) and set a hold rating on the stock in a research note on Thursday, March 19th. HSBC downgraded KAZ Minerals to a hold rating and cut their price target for the company from GBX 690 ($9.08) to GBX 600 ($7.89) in a report on Thursday, December 19th. Finally, Liberum Capital raised shares of KAZ Minerals to a buy rating and lifted their price objective for the stock from GBX 525 ($6.91) to GBX 770 ($10.13) in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 596.07 ($7.84).

Shares of KAZ stock opened at GBX 369.10 ($4.86) on Monday. KAZ Minerals has a 52-week low of GBX 256.20 ($3.37) and a 52-week high of GBX 744.80 ($9.80). The stock has a market cap of $1.74 billion and a price-to-earnings ratio of 3.15. The firm’s 50-day moving average is GBX 406.38 and its 200-day moving average is GBX 464.17. The company has a debt-to-equity ratio of 152.35, a quick ratio of 0.95 and a current ratio of 1.59.

The company also recently declared a dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a dividend of GBX 6.15 ($0.08) per share. This is a boost from KAZ Minerals’s previous dividend of $3.30. This represents a yield of 1.19%. The ex-dividend date is Thursday, April 23rd. KAZ Minerals’s dividend payout ratio (DPR) is presently 0.10%.

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.

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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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