KAZ MINL PLC/ADR (OTCMKTS:KZMYY) Downgraded by Zacks Investment Research

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Zacks Investment Research cut shares of KAZ MINL PLC/ADR (OTCMKTS:KZMYY) from a hold rating to a sell rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

A number of other research analysts have also commented on KZMYY. Credit Suisse Group raised KAZ MINL PLC/ADR from an underperform rating to a neutral rating in a report on Friday, June 28th. ValuEngine lowered KAZ MINL PLC/ADR from a hold rating to a sell rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $5.25.

Shares of OTCMKTS KZMYY opened at $2.91 on Friday. The business’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $3.40. KAZ MINL PLC/ADR has a 52 week low of $2.28 and a 52 week high of $5.05.

KAZ MINL PLC/ADR Company Profile

KAZ Minerals PLC, together with its subsidiaries, engages in mining and processing copper and other metals primarily in Kazakhstan and Kyrgyzstan. It operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. The company operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in the east of 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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