Kaz Minerals PLC (LON:KAZ) receives a downgrade


Does this mean that Kaz Minerals PLC (LON:KAZ) is now a SELL?

Goldman Sachs has issued a report covering Kaz Minerals PLC (LON:KAZ) shares wherein it has stamped a “Neutral” rating on shares on August 22. If we look at other 22 analysts covering Kaz Minerals PLC (LON:KAZ), 9 have Buy rating, 6 Sell and 7 Hold.

This effectively means that 41% of the analysts are still on the BUY end, but overall analyst sentiment is towards negative.

Kaz Minerals PLC has GBX 1000 highest and GBX 50 lowest target. GBX 459.76’s average target is -42.69% below currents GBX 802.23 stock price. Kaz Minerals PLC had 228 analyst reports since July 23, 2015 according to SRatingsIntel. JP Morgan maintained the shares of KAZ in report on Friday, July 31 with “Overweight” rating. The stock of KAZ Minerals PLC (LON:KAZ) earned “Market Perform” rating by BMO Capital Markets on Thursday, July 30. The firm has “Overweight” rating given on Monday, June 5 by JP Morgan.

The stock of KAZ Minerals PLC (LON:KAZ) earned “Equal Weight” rating by Barclays Capital on Wednesday, September 21. Peel Hunt maintained it with “Add” rating and GBX 555 target in Wednesday, March 1 report. Deutsche Bank maintained the shares of KAZ in report on Monday, April 4 with “Hold” rating. The stock of KAZ Minerals PLC (LON:KAZ) has “Hold” rating given on Friday, October 28 by Canaccord Genuity. Jefferies maintained the stock with “Hold” rating in Wednesday, March 30 report. The stock has “Buy” rating by Peel Hunt on Thursday, August 17. The stock has “Underweight” rating by Barclays Capital on Monday, July 18.

The stock increased 1.81% or GBX 14.23 on September 11, reaching GBX 802.23. About 2.10M shares traded or 28.83% up from the average. KAZ Minerals PLC (LON:KAZ) has 0.00% since September 11, 2016 and is . It has underperformed by 16.70% the S&P500.

KAZ Minerals PLC is a United Kingdom copper company. The company has market cap of 3.56 billion GBP. The Firm operates in the natural resources industry through five divisions: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. It has a 16.36 P/E ratio. The East Region, Bozshakol and Aktogay divisions are engaged in mining and processing of copper and other metals in Kazakhstan.

Another recent and important KAZ Minerals PLC (LON:KAZ) news was published by Seekingalpha.com which published an article titled: “KAZ Minerals: Cheap Bet On Copper Recovery” on December 21, 2016.


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