Polymetal International PLC (POLY) PT Lowered to GBX 725
Polymetal International PLC (LON:POLY) had its price objective cut by investment analysts at Jefferies Group from GBX 825 ($10.05) to GBX 725 ($8.84) in a research note issued on Friday. The brokerage currently has an “underperform” rating on the mining company’s stock. Jefferies Group’s price objective would indicate a potential downside of 14.71% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Polymetal International PLC in a report on Monday, June 27th. Berenberg Bank started coverage on shares of Polymetal International PLC in a report on Wednesday, September 7th. They set a “buy” rating on the stock. Numis Securities Ltd raised shares of Polymetal International PLC to a “buy” rating in a report on Tuesday, July 19th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 610 ($7.43) price objective on shares of Polymetal International PLC in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Polymetal International PLC presently has a consensus rating of “Hold” and an average target price of GBX 677.89 ($8.26).
Polymetal International PLC (LON:POLY) opened at 877.00 on Friday. Polymetal International PLC has a 1-year low of GBX 497.20 and a 1-year high of GBX 1,209.00. The company has a 50 day moving average of GBX 978.88 and a 200 day moving average of GBX 928.72. The firm’s market capitalization is GBX 3.74 billion.
In other Polymetal International PLC news, insider Marina Groenberg bought 2,500 shares of the stock in a transaction dated Tuesday, October 11th. The shares were acquired at an average cost of GBX 866 ($10.55) per share, for a total transaction of £21,650 ($26,386.35).
About Polymetal International PLC
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital).
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