Petropavlovsk Lowered to Reduce at Nomura (POG)
Petropavlovsk (LON: POG) was downgraded by equities researchers at Nomura to a “reduce” rating in a report issued on Thursday. They currently have a $3.61 (240 GBX) target price on the stock, down from their previous target price of $11.43 (760 GBX).
Shares of Petropavlovsk opened at 257.10 on Thursday. Petropavlovsk has a one year low of GBX 281.80 and a one year high of GBX 677.604. The stock’s 50-day moving average is currently GBX 419.1. The company’s market cap is £479.5 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs cut their price target on shares of Petropavlovsk from $5.49 to $4.06 in a research note to investors on Tuesday. They now have a “sell” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Friday, March 1st. They now have a $12.13 price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Thursday, February 28th. They now have a $7.28 price target on the stock, up previously from $7.21.
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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