KAZ Minerals (KAZ) Lowered to “Hold” at HSBC

HSBC downgraded shares of KAZ Minerals (LON:KAZ) to a hold rating in a research note issued to investors on Monday, February 4th.

Several other brokerages have also recently issued reports on KAZ. Barclays lowered their price objective on shares of KAZ Minerals from GBX 760 ($9.93) to GBX 700 ($9.15) and set an overweight rating for the company in a research note on Friday, October 12th. Deutsche Bank restated a hold rating on shares of KAZ Minerals in a report on Monday, October 15th. UBS Group reissued a neutral rating and set a GBX 650 ($8.49) target price on shares of KAZ Minerals in a research note on Thursday, October 25th. JPMorgan Chase & Co. reiterated a neutral rating on shares of KAZ Minerals in a research note on Friday, October 26th. Finally, Peel Hunt increased their price objective on KAZ Minerals from GBX 805 ($10.52) to GBX 820 ($10.71) and gave the stock a buy rating in a research report on Monday, November 12th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. KAZ Minerals has a consensus rating of Hold and an average price target of GBX 691.92 ($9.04).

Shares of KAZ Minerals stock traded down GBX 1 ($0.01) during mid-day trading on Monday, reaching GBX 662.20 ($8.65). 2,122,399 shares of the stock traded hands, compared to its average volume of 2,660,000. KAZ Minerals has a fifty-two week low of GBX 413.10 ($5.40) and a fifty-two week high of GBX 974.20 ($12.73).

The company also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 18th will be issued a GBX 4.66 ($0.06) dividend. This represents a yield of 0.69%. The ex-dividend date is Thursday, April 18th.

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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