Is Buying KAZ Minerals PLC Here a Winning Strategy?

 Is Buying KAZ Minerals PLC Here a Winning Strategy?

The stock of KAZ Minerals PLC (LON:KAZ) hit a new 52-week high and has GBX 438.38 target or 24.00% above today’s GBX 353.53 share price. The 7 months bullish chart indicates low risk for the GBX 1.58 billion company. The 1-year high was reported on Nov, 10 by If the GBX 438.38 price target is reached, the company will be worth GBX 379.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 10.96% or GBX 34.93 on November 10, hitting GBX 353.53. About 5.82M shares traded hands or 196.94% up from the average. KAZ Minerals PLC (LON:KAZ) has risen 96.30% since April 12, 2016 and is uptrending. It has outperformed by 90.65% the S&P500.

KAZ Minerals PLC (LON:KAZ) Ratings Coverage

Out of 20 analysts covering Kaz Minerals PLC (LON:KAZ), 4 rate it a “Buy”, 6 “Sell”, while 10 “Hold”. This means 20% are positive. GBX 340 is the highest target while GBX 50 is the lowest. The GBX 181.70 average target is -48.60% below today’s (GBX 353.53) stock price. Kaz Minerals PLC has been the topic of 154 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of KAZ Minerals PLC (LON:KAZ) has “Outperform” rating given on Monday, November 16 by Macquarie Research. The stock has “Neutral” rating given by Goldman Sachs on Thursday, September 24. The stock of KAZ Minerals PLC (LON:KAZ) has “Equal Weight” rating given on Wednesday, October 21 by Barclays Capital. The firm earned “Overweight” rating on Friday, July 24 by JP Morgan. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, July 28. The company was maintained on Friday, May 27 by Credit Suisse. BNP Paribas maintained the shares of KAZ in a report on Friday, March 11 with “Underperform” rating. Liberum Capital maintained the stock with “Sell” rating in Thursday, October 27 report. The stock has “Hold” rating given by Peel Hunt on Wednesday, November 2. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, December 1.

KAZ Minerals PLC is an investment holding firm principally engaged in mining businesses. The company has a market cap of 1.58 billion GBP. The Firm operates through three divisions. It has a 26.4 P/E ratio. East Region Operations segment is mainly engaged in the mining, processing, marketing and sales of copper and other metals.

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