StockNews.com cut shares of PolyMet Mining (NYSE:PLM – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Shares of PLM opened at $2.79 on Thursday. The firm has a market cap of $283.10 million, a P/E ratio of -13.95 and a beta of 0.73. PolyMet Mining has a 12 month low of $2.41 and a 12 month high of $4.79. The stock’s 50-day moving average is $3.33.
PolyMet Mining (NYSE:PLM – Get Rating) last announced its earnings results on Thursday, March 17th. The company reported ($0.03) EPS for the quarter.
PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc, engages in the exploration and development of natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States.
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