Zacks Investment Research Lowers Kaz Minerals (KZMYY) to Hold

Zacks Investment Research cut shares of Kaz Minerals (OTCMKTS:KZMYY) from a buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

Kaz Minerals (OTCMKTS:KZMYY) opened at $6.30 on Wednesday. Kaz Minerals has a 12 month low of $2.45 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 4.05, a current ratio of 2.09 and a quick ratio of 1.75.

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About Kaz Minerals

KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. It operates through East Region, Bozymchak, Bozshakol, and Aktogay segments. The company operates four underground mines and three concentrators located in the eastern region of Kazakhstan; Bozymchak copper-gold open pit mine located in Kyrgyzstan; the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; and Aktogay open pit located in eastern Kazakhstan.

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