The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKAZ.L Share News (KAZ)

  • There is currently no data for KAZ

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: Miners boosted by positive broker views

Wed, 21st Sep 2016 14:50

(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space.Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases.On Anglo American, the broker's analysts said: "Had it not been for our cautious outlook on the diamond and platinum group metals markets, and continued labour/political uncertainty in South Africa, we would have been more positive on the investment case."Macquarie was the other broker with an improved view of the mining space on Wednesday, lifting its recommendations on BHP Billiton and South 32 to 'outperform', mainly on the back of upwards revisions to its price forecasts for coal and manganese.Its upgrade on South 32 was in fact a double-notch one, from 'underperform'.On the back of its "276-day" supply reform initiative, China's domestic production of coking and thermal coal had dropped by between 10% to 20% year-on-year since late March, the Australian broker explained in a research note sent to clients.That led the broker's analysts to hike their price forecasts for thermal and coking coal in 2017 by between 24% to 35%.The recommendation on Anglo American on the other hand was revised up to 'outperform'.Evraz's shares extended their mercurial rebound despite further falls in the most heavily-traded rebar future on the Shanghai Futures Exchange.UK life insurers were also on the up, benefiting from Credit Suisse's decision to reiterate its 'overweight' stance on the group.Going the other way, stock in BAE Systems came under pressure as analysts at Barclays reaffirmed their underweight on the aerospace and defence engineering group, referencing a recent downgrade from Standard&Poor's, the deteriorating UK pension environment and the growing political sensitivity regarding defence exports to Saudi Arabia. Top performing sectors so far todayIndustrial Metals & Mining 1,520.64 +4.18%Technology Hardware & Equipment 2,172.41 +2.35%Oil Equipment, Services & Distribution 15,161.87 +2.02%Life Insurance 7,117.71 +1.94%Mining 11,872.01 +1.77%Bottom performing sectors so far todayAerospace and Defence 4,516.33 -1.39%Gas, Water & Multiutilities 6,509.54 -1.27%Health Care Equipment & Services 7,618.94 -1.02%Travel & Leisure 8,549.21 -1.00%Personal Goods 30,785.06 -0.95%
More News
5 Dec 2016 09:33

BROKER RATINGS SUMMARY: Citi Raises BHP, Anglo, Rio Tinto And South32

Read more
15 Nov 2016 16:40

London close: Tesco paces gains as sales accelerate

(ShareCast News) - Stocks in London finished higher as the pound slid back against the dollar after data showed consumer prices unexpectedly dropped in October. The FTSE 100 was up 0.59% to 6,792.74, while the pound was down 0.8% against the greenback at 1.2402 after data from the Office for Nationa

Read more
15 Nov 2016 16:39

Sector movers: Grocers gain on survey data, miners fall amid profit-taking

(ShareCast News) - Food and drug retailers paced gains on the market, with Tesco leading the way a day before its Capital Markets Day. Sales at the grocer continued to accelerate, rising by 2.2% over the 12 weeks to 6 November, their best showing in three years, according to Kantar Worldpanel. "Muc

Read more
15 Nov 2016 16:00

FTSE 250 movers: Oil services stocks bounce, Kaz knocked off high

(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a

Read more
15 Nov 2016 12:15

Macquarie raises copper price forecasts, boosts target prices for miners

(ShareCast News) - Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal. In a previous note, published on 11 November, the Australian broker had upped its 2017 to 2020 price forecasts fo

Read more
10 Nov 2016 11:59

BUZZ-Antofagasta: best day in 8 yrs on copper jump

** Antofagasta leaps 20%, poised for its biggest one-day rise since Nov 2008, after copper surges more than 5% to a 16-month high on Thursday ** Copper spikes on speculation US infrastructure spend could jump under a Republican administration (sparks wave of interest in industrial metals);

Read more
7 Nov 2016 15:50

Sector movers: Steel and mining stocks rise as futures surge

(ShareCast News) - Steel and mining stocks paced gains as key commodity futures surged at the start of the week. On 4 November, the local government of China's largest steel city, Tangshan, issued an urgent notice ordering all coking and sintering plants, together with blast furnaces, to halt produc

Read more
7 Nov 2016 09:29

BROKER RATINGS SUMMARY: JPMorgan Raises Price Targets For Miners

Read more
2 Nov 2016 15:24

Broker tips: Kaz Minerals, CRH, EasyJet, Ryanair

(ShareCast News) - Peel Hunt downgraded Kaz Minerals to 'hold' from 'add' after its third-quarter production report but upped the price target to 275p from 200p as it took a look at the copper sector. It noted the shares are up 30% in the last month and 180% in the year to date. "While Kaz Minerals

Read more
2 Nov 2016 10:51

Peel Hunt downgrades Kaz Minerals to 'hold'

(ShareCast News) - Peel Hunt downgraded Kaz Minerals to 'hold' from 'add' after its third-quarter production report but upped the price target to 275p from 200p as it took a look at the copper sector. It noted the shares are up 30% in the last month and 180% in the year to date. "While Kaz Minerals

Read more
28 Oct 2016 14:41

KAZ Minerals Gets Approval For Finance Facility Covenant Waiver

Read more
27 Oct 2016 09:57

KAZ Minerals posts rise in Q3 copper production

(ShareCast News) - Kaz Minerals reported a rise in copper cathode equivalent output for the third quarter thanks to stronger production in the East Region, Bozymchak and Aktogay. The company produced copper cathode equivalent of 44,500 tonnes, up from 33,100 tonnes in the second quarter and 21,700

Read more
27 Oct 2016 09:34

UBS upgrades Antofagasta after sharp share price falls

(ShareCast News) - UBS upgraded Antofagasta, a Chilean copper mining company, from 'sell' to 'neutral' even after the company released a weaker than expected production target for fiscal year 2017, albeit at the same time lowering the price target from 520p to 500p. "After the release of weaker than

Read more
27 Oct 2016 08:57

UPDATE 1-Kaz Minerals' 9-month copper output jumps 66 pct on expanded mines

(Adds detail, shares) LONDON, Oct 27 (Reuters) - Kaz Minerals reported a 66 percent jump in production between January and September on Thursday as two of its main mines raised output, sending shares in the Kazakhstan copper firm to a two-year high. Kaz produced 97,100 tonnes of coppe

Read more
27 Oct 2016 06:44

Kaz Minerals' copper output jumps 66 pct in first nine months of year

LONDON, Oct 27 (Reuters) - Kazakhstan copper firm Kaz Minerals reported a 66 percent jump in production in January-September as two of its main mines expanded output. Kaz produced 97,100 tonnes of copper cathode in the nine-month period, compared with 58,400 tonnes in the same period a year

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.