KAZ Minerals (KAZ) Price Target Increased to GBX 750 by Analysts at Barclays

KAZ Minerals (LON:KAZ) had its price objective hoisted by Barclays from GBX 695 ($9.08) to GBX 750 ($9.80) in a research note released on Friday, ThisIsMoney.Co.Uk reports. Barclays currently has an overweight rating on the copper miner’s stock.

A number of other brokerages have also recently commented on KAZ. Goldman Sachs Group lifted their target price on KAZ Minerals from GBX 575 ($7.51) to GBX 600 ($7.84) and gave the stock a neutral rating in a report on Wednesday, February 27th. Deutsche Bank reiterated a hold rating on shares of KAZ Minerals in a report on Friday, January 25th. Peel Hunt lifted their target price on KAZ Minerals from GBX 820 ($10.71) to GBX 840 ($10.98) and gave the stock a buy rating in a report on Friday, January 18th. JPMorgan Chase & Co. dropped their target price on KAZ Minerals from GBX 550 ($7.19) to GBX 530 ($6.93) and set a neutral rating for the company in a report on Friday, February 22nd. Finally, UBS Group reiterated a neutral rating on shares of KAZ Minerals in a report on Friday, February 22nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. KAZ Minerals currently has a consensus rating of Hold and a consensus target price of GBX 734.58 ($9.60).

LON KAZ opened at GBX 712.20 ($9.31) on Friday. The company has a market cap of $3.35 billion and a price-to-earnings ratio of 6.25. The company has a debt-to-equity ratio of 328.75, a current ratio of 2.33 and a quick ratio of 1.81. KAZ Minerals has a 1-year low of GBX 421.50 ($5.51) and a 1-year high of GBX 1,102.50 ($14.41).

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 18th will be issued a dividend of GBX 4.66 ($0.06) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, April 18th. KAZ Minerals’s payout ratio is currently 0.08%.

In related news, insider Andrew Southam sold 242,098 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 665 ($8.69), for a total transaction of £1,609,951.70 ($2,103,687.05).

About KAZ Minerals

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.

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Analyst Recommendations for KAZ Minerals (LON:KAZ)

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