Mechel PAO (NYSE:MTL)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.03 and traded as high as $2.10. Mechel PAO shares last traded at $2.10, with a volume of 142 shares traded.

Several equities analysts have recently weighed in on the stock. CIBC raised shares of Mullen Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 3rd. Raymond James raised their price target on shares of Tempur Sealy International from $77.00 to $90.00 and gave the stock a “strong-buy” rating in a research note on Monday, June 24th. Finally, ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Mechel PAO presently has a consensus rating of “Hold” and a consensus price target of $11.88.

The firm has a 50 day moving average price of $2.03.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Mechel PAO by 11.6% during the 4th quarter. BlackRock Inc. now owns 1,987,087 shares of the basic materials company’s stock worth $3,934,000 after acquiring an additional 206,873 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mechel PAO by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 537,746 shares of the basic materials company’s stock worth $1,066,000 after acquiring an additional 31,153 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Mechel PAO by 13.3% during the 4th quarter. Bank of America Corp DE now owns 392,926 shares of the basic materials company’s stock worth $778,000 after acquiring an additional 46,053 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Mechel PAO by 217.1% during the 4th quarter. Jane Street Group LLC now owns 271,793 shares of the basic materials company’s stock worth $538,000 after acquiring an additional 186,082 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Mechel PAO during the 4th quarter worth $25,000.

About Mechel PAO (NYSE:MTL)

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.

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