Canaccord Genuity reaffirmed their neutral rating on shares of Mechel PAO (NYSE:MTL) in a research note released on Friday, AnalystRatings.com reports. Canaccord Genuity currently has a $10.00 price objective on the basic materials company’s stock.

Several other research firms have also issued reports on MTL. Raymond James reiterated a buy rating and set a $16.00 price target on shares of Mechel PAO in a research report on Monday, June 24th. ValuEngine upgraded shares of Mechel PAO from a strong sell rating to a sell rating in a research report on Saturday, June 22nd. Finally, CIBC upgraded shares of Mechel PAO from a neutral rating to an outperformer rating and set a $15.00 price target on the stock in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Mechel PAO currently has a consensus rating of Hold and a consensus target price of $11.00.

NYSE MTL opened at $1.58 on Friday. The firm’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $2.08. Mechel PAO has a 1 year low of $1.57 and a 1 year high of $3.42.

Several hedge funds and other institutional investors have recently bought and sold shares of MTL. Millennium Management LLC acquired a new stake in shares of Mechel PAO during the 4th quarter worth approximately $25,000. O Shaughnessy Asset Management LLC lifted its stake in Mechel PAO by 38.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 72,757 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 20,110 shares during the last quarter. Bank of America Corp DE lifted its stake in Mechel PAO by 13.3% in the 4th quarter. Bank of America Corp DE now owns 392,926 shares of the basic materials company’s stock valued at $778,000 after purchasing an additional 46,053 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Mechel PAO by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 537,746 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 31,153 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Mechel PAO by 64.9% in the 2nd quarter. Northern Trust Corp now owns 774,370 shares of the basic materials company’s stock valued at $1,617,000 after purchasing an additional 304,735 shares during the last quarter.

Mechel PAO Company Profile

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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