ASIA STORIES

KAZ earns RBC upgrade

KAZ Minerals' (LN:KAZ) half-year results released last week showed higher earnings, lower costs, better cash flows and lower debt than the market had been anticipating. With the company enjoying the rising copper price so far in the second half - it was up 17% in two months to around US$6,550 per tonne this week - at least one bank is recalibrating its expectations for the Central Asia-focused miner.

KAZ Minerals has outdone itself and the market is now anticipating more of the same in a rising copper-price setting

KAZ Minerals has outdone itself and the market is now anticipating more of the same in a rising copper-price setting

RBC Europe this week released an updated model for KAZ incorporating last week's numbers and has subsequently upped its target price by more than 10% to £7.40 (US$9.46), citing faster debt reduction and...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.