KAZ Minerals (KAZ) Cut to Neutral at Goldman Sachs

KAZ Minerals (LON:KAZ) was downgraded by equities research analysts at Goldman Sachs to a “neutral” rating in a research report issued on Sunday. They presently have a GBX 1,000 ($14.32) price target on the copper miner’s stock. Goldman Sachs’ price objective would indicate a potential upside of 8.54% from the stock’s current price.

KAZ has been the topic of several other research reports. Citigroup reaffirmed a “buy” rating on shares of KAZ Minerals in a research note on Monday, February 19th. Peel Hunt reissued an “add” rating on shares of KAZ Minerals in a research report on Thursday, January 25th. Deutsche Bank cut shares of KAZ Minerals to a “sell” rating and set a GBX 800 ($11.45) price target on the stock. in a research report on Thursday, March 15th. JPMorgan Chase lowered their price target on shares of KAZ Minerals to GBX 1,000 ($14.32) and set an “overweight” rating on the stock in a research report on Monday, April 9th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 1,030 ($14.75) price target on shares of KAZ Minerals in a research report on Thursday, April 5th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 699 ($10.01).

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Shares of KAZ opened at GBX 921.30 ($13.19) on Friday. KAZ Minerals has a 52-week low of GBX 413.10 ($5.91) and a 52-week high of GBX 974.20 ($13.95).

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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.

Analyst Recommendations for KAZ Minerals (LON:KAZ)

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