Polymetal International PLC (POLY) Given New GBX 725 Price Target at Jefferies Group
Polymetal International PLC (LON:POLY) had its target price decreased by investment analysts at Jefferies Group from GBX 825 ($10.21) to GBX 725 ($8.97) in a report issued on Friday. The firm currently has an “underperform” rating on the mining company’s stock. Jefferies Group’s target price would indicate a potential downside of 15.99% from the company’s current price.
POLY has been the topic of a number of other reports. Deutsche Bank AG restated a “hold” rating and set a GBX 850 ($10.52) target price on shares of Polymetal International PLC in a research report on Monday, September 5th. Numis Securities Ltd restated a “buy” rating on shares of Polymetal International PLC in a research report on Thursday, August 25th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 870 ($10.77) target price on shares of Polymetal International PLC in a research report on Thursday, June 16th. Berenberg Bank cut their target price on shares of Polymetal International PLC from GBX 395 ($4.89) to GBX 360 ($4.46) and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Finally, Credit Suisse Group AG upped their price target on Polymetal International PLC from GBX 610 ($7.55) to GBX 840 ($10.40) and gave the company a “neutral” rating in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Polymetal International PLC presently has an average rating of “Hold” and an average price target of GBX 677.89 ($8.39).
Shares of Polymetal International PLC (LON:POLY) opened at 849.00 on Friday. The firm’s market capitalization is GBX 3.62 billion. Polymetal International PLC has a 1-year low of GBX 497.20 and a 1-year high of GBX 1,209.00. The firm has a 50-day moving average of GBX 997.49 and a 200-day moving average of GBX 924.70.
Polymetal International PLC Company Profile
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital).
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