A number of other research firms have also commented on KAZ. Liberum Capital reaffirmed a sell rating on shares of KAZ Minerals in a research note on Thursday, August 16th. Credit Suisse Group lowered shares of KAZ Minerals to a neutral rating and reduced their price objective for the company from GBX 1,050 ($13.54) to GBX 630 ($8.13) in a research note on Friday, August 17th. Peel Hunt raised shares of KAZ Minerals to a buy rating and upped their price objective for the company from GBX 920 ($11.87) to GBX 1,035 ($13.35) in a research note on Friday, July 13th. Citigroup reaffirmed a buy rating on shares of KAZ Minerals in a research note on Monday, August 20th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a GBX 750 ($9.67) price objective on shares of KAZ Minerals in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 781.25 ($10.08).
Shares of LON:KAZ traded down GBX 12.90 ($0.17) during trading on Thursday, reaching GBX 444.10 ($5.73). The stock had a trading volume of 2,415,748 shares, compared to its average volume of 2,660,000. KAZ Minerals has a 52 week low of GBX 413.10 ($5.33) and a 52 week high of GBX 974.20 ($12.57).
The business also recently announced a dividend, which will be paid on Wednesday, October 3rd. Investors of record on Thursday, September 6th will be given a dividend of GBX 4.69 ($0.06) per share. The ex-dividend date is Thursday, September 6th. This represents a dividend yield of 0.84%.
In related news, insider Andrew Southam bought 8,038 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were bought at an average price of GBX 495 ($6.39) per share, for a total transaction of £39,788.10 ($51,326.24). Also, insider Michael David Lynch-Bell bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were bought at an average price of GBX 476 ($6.14) per share, for a total transaction of £4,760 ($6,140.35). Insiders have purchased a total of 11,101 shares of company stock worth $5,432,672 in the last quarter.
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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