KAZ MINL PLC/ADR (OTCMKTS:KZMYY) Rating Increased to Hold at Zacks Investment Research

KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists of East Region Operations, Mining Projects and Bozymchak segments. It operates underground mines in the East Region of Kazakhstan and open-pit mine in Bozymchak, Kyrgyzstan and develops various mining projects situated at Bozshakol, Aktogay, and Koksay. KAZ Minerals PLC, formerly known as KAZAKHMYS LTD, is headquartered in London, the United Kingdom. “

A number of other research firms also recently commented on KZMYY. ValuEngine raised shares of KAZ MINL PLC/ADR from a “strong sell” rating to a “sell” rating in a research report on Monday, June 17th. Credit Suisse Group raised shares of KAZ MINL PLC/ADR from an “underperform” rating to a “neutral” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. KAZ MINL PLC/ADR currently has a consensus rating of “Hold” and a consensus target price of $5.25.

OTCMKTS KZMYY opened at $2.38 on Tuesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.85 and a current ratio of 2.33. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 4.03 and a beta of 2.30. The company’s 50-day simple moving average is $3.27 and its two-hundred day simple moving average is $3.87. KAZ MINL PLC/ADR has a one year low of $2.38 and a one year high of $5.05.

KAZ MINL PLC/ADR Company Profile

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

Further Reading: Technical Analysis of Stocks and What It Means

Get a free copy of the Zacks research report on KAZ MINL PLC/ADR (KZMYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KAZ MINL PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAZ MINL PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.