The stock of KAZ Minerals PLC (LON:KAZ) is a huge mover today! The stock increased 0.77% or GBX 2.57 on November 16, hitting GBX 335.17. About 2.41 million shares traded hands or 4.33% up from the average. KAZ Minerals PLC (LON:KAZ) has risen 84.61% since April 19, 2016 and is uptrending. It has outperformed by 79.92% the S&P500.
The move comes after 6 months negative chart setup for the GBX 1.51B company. It was reported on Nov, 16 by Barchart.com. We have GBX 315.06 PT which if reached, will make LON:KAZ worth GBX 90.60 million less.
KAZ Minerals PLC (LON:KAZ) Ratings Coverage
Out of 20 analysts covering Kaz Minerals PLC (LON:KAZ), 3 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 15% are positive. Kaz Minerals PLC has been the topic of 156 analyst reports since July 23, 2015 according to StockzIntelligence Inc. BNP Paribas maintained KAZ Minerals PLC (LON:KAZ) rating on Monday, August 15. BNP Paribas has “Underperform” rating and GBX 135 price target. JP Morgan downgraded KAZ Minerals PLC (LON:KAZ) on Monday, January 18 to “Neutral” rating. The rating was maintained by Credit Suisse on Thursday, April 7 with “Neutral”. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 30. UBS maintained KAZ Minerals PLC (LON:KAZ) on Tuesday, October 11 with “Buy” rating. Deutsche Bank maintained KAZ Minerals PLC (LON:KAZ) on Wednesday, December 16 with “Buy” rating. The stock has “Reduce” rating given by Nomura on Thursday, March 17. Credit Suisse maintained KAZ Minerals PLC (LON:KAZ) on Tuesday, November 17 with “Neutral” rating. The firm has “Outperform” rating given on Tuesday, August 18 by Credit Suisse. BNP Paribas maintained the stock with “Underperform” rating in Wednesday, June 29 report.
KAZ Minerals PLC is an investment holding firm principally engaged in mining businesses. The company has a market cap of 1.51 billion GBP. The Firm operates through three divisions. It has a 25.25 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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