Kazakhyms plc is the tenth largest copper cathode producer and the tenth largest mined copper producer in the world. Its principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod. As by-products of it copper operations, the group also processes, refines and sells zinc, gold and silver.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Copper operations & others: 100%

Seems to have bounced nicely, like many other miners. 1200p target?

Decent RNS today.

StockMarketWire.com
Kazakhmys is on track to meet all its production targets and has seen constant demand for its copper despite volatility in financial markets.

A production report the at the end of the third quarter shows copper cathode production from the company's own concentrate of 227 kt which is in line with the annual target of 300 kt.

It also says that by-product output is on track to meet full year targets in all metals with zinc in concentrate production of 114 kt and gold and silver production of 111 koz and 9.9 moz respectively.

The company said that precious metal sales had been disrupted by government restrictions on exports during the quarter.

CEO Oleg Novachuk said: "Our mining and power operations continue to perform in line with expectations and we anticipate once again meeting all of our production targets.

"In spite of the considerable volatility in financial markets, we have seen consistent demand for our copper.

"Continuing demand for copper is reflected in the current negotiations for our 2012 off-take agreements, which as in previous years should be completed in the next few months.

"Our growth projects and efficiency programmes also continue to show good progress and we approach 2012 with optimism."

28-Oct-11 UBS Buy 1,017.00p 1,450.00p 1,380.00p Reiteration
27-Oct-11 Evolution Securities Add 1,016.00p 1,590.00p 1,260.00p Reiteration
11-Oct-11 Numis Securities Hold 883.50p 1,200.00p 900.00p DownGrade
04-Oct-11 HSBC Overweight 730.00p - 1,500.00p New Coverage

I wonder if it is time to be looking at the miners again? Hoping for an upward trend soon.

Kazakhmys Kazakhstan's largest copper producer. Kazahkmys is relatively unusual in that it is a fully-integrated producer -- it mines, refines and sells its own copper. It also produces gold, silver and zinc.

Kazakhmys' low P/E rating is partly a reflection of the current weakness in mining shares, which have all fallen this year thanks to fears of weakening demand in China and the associated hit to commodity prices.

Yet Kazakhmys is a fairly low-cost copper producer and is quite robustly profitable, even with lower copper prices. The miner is expected to deliver pre-tax profits of £747 million on revenues of £2.2 billion this year and is on course to increase its copper production by more than 65% over the next six years, increasing its annual output from 300,000 to 500,000 tonnes.

Miners are not known for their generous dividend policies but Kazakhmys isn't too bad in this respect, with a current yield of 2.4%.

Shorting KAZ now at 645p... looks like it will have the same fate as ENRC.

600p now.

Part of Jefferies note on KAZ:
"Kaz's stake in ENRC is not helpful: Kaz's 26% stake in ENRC has a market value of $1.8bn. Unfortunately, Kaz is only receiving a small dividend from ENRC, and this stake is highly illiquid and probably impossible to monetise for now. We are concerned that this investment may continue to be a drag on Kaz as ENRC is highly exposed to steelmaking raw materials (ferroalloys and iron ore), which have been extremely weak recently and may remain weak in the near-term.
Lowering estimates: We are significantly cutting our Kazakmhys EPS estimates as we are now assuming much higher costs for the company. We are also lowering our NPV-based target price for shares of Kazakhmys from 900p to 650p, and we are downgrading our rating on these shares from Buy to Hold.

Keep shorting KAZ, Harry.

Gone short 10,000 KAZ sold at 701 - very dodgy this shorting business

Gone into kaz this am, as it looks to have hit bottom, miners in general are on the up and kaz has a 12p div on the 24th april. in at 404p with a poss, of getting back to 700p got to be worth a punt.

BB - looks enticing!

BB - I think the dividend is 8p not 12p.

another mam mistake then.,. all went back this pm....what happened?
edit: could have sworn it said 12p yesterday.,.

correction final dividend is 8 US cents per share (lets try to get our facts right) , payable on 21st may.

Quite correct halifax, sorry, but at the mo looks like all the wheels have come off miners including pog and ernc which looked like it was on the way up according to the charts. back to the drawing board.,.

BB - happier?

This is something to do with a possible private equity buyout of ENRC??? Complicated russian manouvering.

only just come in, and yes looking better skinny. I also bought enrc at the same time so fingers crossed.,.