Petropavlovsk Price Target Cut to $7.76 by Analysts at JPMorgan Chase (POG)
JPMorgan Chase decreased their price target on shares of Petropavlovsk (LON: POG) from $8.15 (526 GBX) to $7.76 (501 GBX) in a research note issued on Tuesday. The firm currently has an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on POG. Analysts at Citigroup downgraded shares of Petropavlovsk to a “neutral” rating in a research note to investors on Friday. They now have a $5.84 price target on the stock, down previously from $7.76. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Petropavlovsk in a research note to investors on Thursday, January 31st. They now have a $8.53 price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Petropavlovsk in a research note to investors on Friday, January 18th. They now have a $7.68 price target on the stock.
Petropavlovsk traded down 1.05% on Tuesday, hitting GBX 319.70. Petropavlovsk has a 1-year low of GBX 286.60 and a 1-year high of GBX 774.50. The stock’s 50-day moving average is currently GBX 419.1. The company’s market cap is £596.3 million.
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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I believe these downgrades to Petropavlosk to be lies. There is no explanation or reason given for them and the company is fully productive and expanding. This is clearly manipulation in line with the Gold and Silver price manipulation.