KAZ Minl PLC/ADR (KZMYY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of KAZ Minl PLC/ADR (OTCMKTS:KZMYY) from a sell rating to a hold rating in a research note released on Saturday.

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. “

Separately, ValuEngine lowered shares of KAZ Minl PLC/ADR from a hold rating to a sell rating in a research report on Friday, August 3rd.

OTCMKTS KZMYY opened at $3.75 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.14 and a debt-to-equity ratio of 2.66. The company has a market cap of $3.05 billion, a P/E ratio of 6.94 and a beta of 2.84. KAZ Minl PLC/ADR has a 1 year low of $2.72 and a 1 year high of $7.59.

About KAZ Minl PLC/ADR

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

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