Barclays Downgrades KAZ Minerals (OTCMKTS:KZMYY) to Equal Weight


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Barclays lowered shares of KAZ Minerals (OTCMKTS:KZMYY) from an overweight rating to an equal weight rating in a research note published on Wednesday, The Fly reports.

A number of other research firms also recently commented on KZMYY. Royal Bank of Canada restated a sector perform rating on shares of KAZ Minerals in a research report on Monday, March 29th. Morgan Stanley restated an equal weight rating on shares of KAZ Minerals in a research report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of KAZ Minerals in a research report on Wednesday, January 13th. JPMorgan Chase & Co. restated a neutral rating on shares of KAZ Minerals in a research report on Thursday, January 14th. Finally, Zacks Investment Research upgraded KAZ Minerals from a hold rating to a strong-buy rating and set a $6.50 target price on the stock in a research report on Monday, March 8th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $6.50.

OTCMKTS KZMYY opened at $5.89 on Wednesday. The stock’s fifty day moving average is $5.85 and its two-hundred day moving average is $4.74. The firm has a market capitalization of $5.57 billion, a P/E ratio of 10.16 and a beta of 1.84. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.85 and a current ratio of 2.63. KAZ Minerals has a fifty-two week low of $2.25 and a fifty-two week high of $6.15.

KAZ Minerals Company Profile

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

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Analyst Recommendations for KAZ Minerals (OTCMKTS:KZMYY)

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