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Home / Stocks and Markets at Lows / KAZ Minerals PLC (KAZ.L) 12-03-20

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) 12-03-20

Shares in KAZ Minerals PLC (KAZ.L) have fallen dramatically from recent highs of 738.4p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 299.97p (at time of writing). A return to previous highs would represent a rise of 146%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -59% from 12-month highs; +0% from 12 month lows.

Latest News

05 Mar:  JP Morgan Cazenove reiterates its neutral rating on Kaz Minerals (KAZ) and reduced the target price to 550p (from 620p).

26 Feb:  Peel Hunt reiterates its buy rating on Kaz Minerals (KAZ) and reduced the target price to 685p (from 735p).

21 Feb:  JP Morgan Cazenove reiterates its neutral rating on Kaz Minerals (KAZ) and reduced the target price to 620p (from 685p).

11 Feb:  Peel Hunt reiterates its buy rating on Kaz Minerals (KAZ) and increased the target price to 735p (from 710p).

05 Feb:  Goldman Sachs reiterates its neutral rating on Kaz Minerals (KAZ) and increased the target price to 550p (from 540p).

05 Feb:  Deutsche Bank has upgraded its rating on Kaz Minerals (KAZ) to buy (from hold).

30 Jan:  Kaz Minerals announced that copper production beat previous guidance for the year, driven by good performance at its Aktogay mine (Kazakhstan).  Annual copper production of 311,000 tonnes beat the guidance of 300,000.

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

 

Click to enlarge

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