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April 15, 2019, 9:35 a.m. EDT

Goldman Sachs group upgrades share of Kazakh KAZ Minerals to buy

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Apr 15, 2019 (TREND News Agency via COMTEX) -- Baku, Azerbaijan, April 15


Goldman Sachs Group upgraded shares of KAZ Minerals to a buy rating in a research report, Trend reports with reference to ThisIsMoney.Co.Uk.

The firm currently has GBX 800 ($10.45) target price on the copper miner's stock, up from their prior target price of GBX 600 ($7.84).

Other equities analysts have also issued reports about the company.

Peel Hunt reiterated a buy rating on shares of KAZ Minerals in a research note on Friday, January 11th.

Morgan Stanley reissued an equal weight rating on shares of KAZ Minerals in a research report on Wednesday, February 13th.

Liberum Capital reissued a hold rating on shares of KAZ Minerals in a research report on Tuesday, January 15th.

HSBC downgraded KAZ Minerals to a hold rating in a research report on Monday, February 4th.

Finally, Deutsche Bank reissued a hold rating on shares of KAZ Minerals in a research report on Friday, January 25th.

Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 734.58 ($9.60).

KAZ Minerals stock opened at GBX 738.40 ($9.65) on Thursday.

The firm has a market capitalization of $3.48 billion and a P/E ratio of 6.48. KAZ Minerals has a 52 week low of GBX 421.50 ($5.51) and a 52 week high of GBX 1,102.50 ($14.41).

The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 328.75.

The company also recently declared a dividend, which will be paid on Friday, May 17th.

Shareholders of record on Thursday, April 18th will be given a dividend of GBX 4.66 ($0.06) per share.

This represents a yield of 0.69 percent. The ex-dividend date of this dividend is Thursday, April 18th. KAZ Minerals's dividend payout ratio (DPR) is presently 0.08 percent.



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