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Home / Momentum / KAZ Minerals PLC (KAZ.L) 14-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

KAZ Minerals PLC (KAZ.L) 14-01-20

Will shares in KAZ Minerals PLC (KAZ.L) continue to rally, setting new recent highs?

 

  • Now trading at 578.8p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -21% from 12-month highs; +52% from 12 month lows.

Latest News

09 Jan:  Deutsche Bank reiterates its hold rating on Kaz Minerals  (KAZ) and increased the target price to 610p (from 560p).

19 Dec:  HSBC has downgraded its rating on Kaz Minerals  (KAZ) to hold (from buy) and reduced the target price to 600p  (from 690p).

17 Dec:  JP Morgan Cazenove reiterates its neutral rating on Kaz Minerals  (KAZ) and increased the target price to 685p (from 600p).

11 Dec:  Barclays Capital reiterates its overweight rating on Kaz Minerals  (KAZ) and reduced the target price to 680p (from 750p).

25 Nov:  Credit Suisse reiterates its neutral rating on Kaz Minerals  (KAZ) and reduced the target price to 540p (from 570p).

15 Nov:  Kaz Minerals announced that it had agreed new loan credit of up to $100m with Caterpillar, which produces equipment for the Bozshakol and Aktogay mines.

06 Nov:  JP Morgan Cazenove reiterates its neutral rating on Kaz Minerals  (KAZ) and increased the target price to 600p (from 575p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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