Zacks Investment Research Lowers Kaz Minerals Plc (KZMYY) to Hold

Zacks Investment Research cut shares of Kaz Minerals Plc (NASDAQ:KZMYY) from a buy rating to a hold rating in a research report released on Saturday.

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. “

Kaz Minerals Plc (KZMYY) opened at 3.1121 on Friday. The company’s 50-day moving average is $1.39 and its 200 day moving average is $1.78. The company has a market cap of $2.78 billion and a price-to-earnings ratio of 15.7177. Kaz Minerals Plc has a 1-year low of $0.81 and a 1-year high of $3.84.

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