Kaz Minerals Plc (OTCMKTS:KZMYY) – Jefferies Group lowered their FY2019 earnings estimates for Kaz Minerals in a report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings of $0.97 per share for the year, down from their previous estimate of $0.98. Jefferies Group also issued estimates for Kaz Minerals’ FY2020 earnings at $1.16 EPS.
Separately, Zacks Investment Research cut shares of Kaz Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
Shares of Kaz Minerals (KZMYY) opened at $6.08 on Wednesday. Kaz Minerals has a one year low of $2.76 and a one year high of $6.65. The company has a debt-to-equity ratio of 4.05, a current ratio of 2.09 and a quick ratio of 1.75.
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Kaz Minerals Company Profile
KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. It operates through East Region, Bozymchak, Bozshakol, and Aktogay segments. The company operates four underground mines and three concentrators located in the eastern region of Kazakhstan; Bozymchak copper-gold open pit mine located in Kyrgyzstan; the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; and Aktogay open pit located in eastern Kazakhstan.
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