KAZ Minerals (KAZ) Upgraded by HSBC to “Buy”

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HSBC upgraded shares of KAZ Minerals (LON:KAZ) to a buy rating in a research report sent to investors on Thursday morning.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. reissued a neutral rating on shares of KAZ Minerals in a report on Monday, September 10th. Morgan Stanley raised shares of KAZ Minerals to an equal weight rating in a report on Thursday, September 6th. BMO Capital Markets reissued an outperform rating and issued a GBX 750 ($9.77) price target on shares of KAZ Minerals in a report on Wednesday, September 5th. Citigroup reissued a buy rating on shares of KAZ Minerals in a report on Monday, August 20th. Finally, Credit Suisse Group lowered shares of KAZ Minerals to a neutral rating and lowered their price target for the company from GBX 1,050 ($13.68) to GBX 630 ($8.21) in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. KAZ Minerals presently has an average rating of Hold and a consensus target price of GBX 781.25 ($10.18).

LON:KAZ opened at GBX 476.10 ($6.20) on Thursday. KAZ Minerals has a one year low of GBX 413.10 ($5.38) and a one year high of GBX 974.20 ($12.69).

The firm also recently declared a dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Thursday, September 6th will be issued a GBX 4.69 ($0.06) dividend. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 6th.

In other news, insider Andrew Southam bought 8,038 shares of the stock in a transaction dated Monday, August 20th. The shares were acquired at an average price of GBX 495 ($6.45) per share, with a total value of £39,788.10 ($51,827.67). Also, insider Michael David Lynch-Bell bought 1,000 shares of the stock in a transaction dated Friday, August 17th. The stock was purchased at an average cost of GBX 476 ($6.20) per share, for a total transaction of £4,760 ($6,200.34). Insiders acquired a total of 11,101 shares of company stock worth $5,432,672 in the last three months.

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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