JPMorgan Chase & Co. Cuts KAZ Minerals (LON:KAZ) Price Target to GBX 590

KAZ Minerals (LON:KAZ) had its price objective cut by JPMorgan Chase & Co. from GBX 595 ($7.77) to GBX 590 ($7.71) in a report released on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the copper miner’s stock.

Several other research firms have also recently issued reports on KAZ. UBS Group restated a buy rating on shares of KAZ Minerals in a research note on Friday, July 26th. Barclays reissued an overweight rating and issued a GBX 750 ($9.80) target price on shares of KAZ Minerals in a report on Thursday, July 4th. Peel Hunt restated a buy rating and issued a GBX 755 ($9.87) price target on shares of KAZ Minerals in a research note on Thursday, August 15th. Royal Bank of Canada upped their price target on KAZ Minerals from GBX 620 ($8.10) to GBX 630 ($8.23) and gave the stock a sector performer rating in a research note on Friday, June 28th. Finally, Liberum Capital reiterated a hold rating on shares of KAZ Minerals in a research report on Tuesday, July 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 724.55 ($9.47).

Shares of KAZ stock opened at GBX 407.20 ($5.32) 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 stock has a market cap of $1.92 billion and a PE ratio of 3.57. The company has a current ratio of 2.33, a quick ratio of 1.81 and a debt-to-equity ratio of 328.75. The company’s fifty day moving average price is GBX 534.98 and its 200-day moving average price is GBX 598.40.

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

In other news, insider Charles Watson bought 3,246 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of GBX 452 ($5.91) per share, with a total value of £14,671.92 ($19,171.46).

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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