Kaz Minerals Plc to Post FY2017 Earnings of $0.51 Per Share, Jefferies Group Forecasts (KZMYY)

Kaz Minerals Plc (OTCMKTS:KZMYY) – Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of Kaz Minerals in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the company will earn $0.51 per share for the year, down from their prior forecast of $0.52. Jefferies Group also issued estimates for Kaz Minerals’ FY2018 earnings at $0.72 EPS, FY2019 earnings at $0.98 EPS and FY2020 earnings at $1.17 EPS.

Separately, Zacks Investment Research lowered Kaz Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

Kaz Minerals (OTCMKTS KZMYY) opened at $6.17 on Monday. Kaz Minerals has a 12 month low of $2.76 and a 12 month high of $6.65. 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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Kaz Minerals Company Profile

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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