Polymetal International plc (LON:POLY) Given Average Recommendation of “Buy” by Brokerages

Polymetal International plc (LON:POLYGet Rating) has been given an average recommendation of “Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,160 ($14.30).

Several research firms have recently weighed in on POLY. Deutsche Bank Aktiengesellschaft reissued a “suspended” rating on shares of Polymetal International in a research report on Thursday, March 3rd. Citigroup reissued a “buy” rating and issued a GBX 1,400 ($17.26) price objective on shares of Polymetal International in a research report on Monday, February 7th. Berenberg Bank reissued a “hold” rating and issued a GBX 300 ($3.70) price objective on shares of Polymetal International in a research report on Monday, May 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 1,250 ($15.41) price objective on shares of Polymetal International in a research report on Monday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Polymetal International from GBX 1,650 ($20.34) to GBX 1,400 ($17.26) and set an “overweight” rating for the company in a research report on Monday, January 31st.

POLY stock traded up GBX 3 ($0.04) during midday trading on Friday, hitting GBX 238 ($2.93). 1,191,125 shares of the company traded hands, compared to its average volume of 5,966,912. Polymetal International has a twelve month low of GBX 92.02 ($1.13) and a twelve month high of GBX 1,737 ($21.42). The company has a quick ratio of 0.67, a current ratio of 1.68 and a debt-to-equity ratio of 95.33. The business has a 50 day simple moving average of GBX 232.66 and a 200-day simple moving average of GBX 849.44. The stock has a market capitalization of £1.13 billion and a price-to-earnings ratio of 1.55.

The firm also recently announced a dividend, which will be paid on Friday, May 27th. Stockholders of record on Thursday, May 5th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This is a positive change from Polymetal International’s previous dividend of $0.45. This represents a dividend yield of 15.06%. Polymetal International’s dividend payout ratio (DPR) is 48.80%.

About Polymetal International (Get Rating)

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. It operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. The company is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals.

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Analyst Recommendations for Polymetal International (LON:POLY)

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