Morgan Stanley Begins Coverage on Polymetal International PLC (POLY)
Morgan Stanley initiated coverage on shares of Polymetal International PLC (LON:POLY) in a report published on Wednesday. The firm issued an equal weight rating and a GBX 900 ($11.15) price objective on the mining company’s stock.
POLY has been the topic of a number of other research reports. Jefferies Group reiterated an underperform rating and issued a GBX 825 ($10.22) target price on shares of Polymetal International PLC in a research report on Thursday, August 25th. Deutsche Bank AG reiterated a hold rating and issued a GBX 850 ($10.53) target price on shares of Polymetal International PLC in a research report on Monday, September 5th. Numis Securities Ltd reiterated a buy rating on shares of Polymetal International PLC in a research report on Thursday, August 25th. Finally, Berenberg Bank decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Polymetal International PLC presently has a consensus rating of Hold and a consensus price target of GBX 713.44 ($8.84).
Shares of Polymetal International PLC (LON:POLY) opened at 816.50 on Wednesday. Polymetal International PLC has a 12 month low of GBX 497.20 and a 12 month high of GBX 1,209.00. The company has a 50 day moving average of GBX 905.89 and a 200-day moving average of GBX 952.21. The firm’s market capitalization is GBX 3.48 billion.
In other Polymetal International PLC news, insider Marina Groenberg purchased 2,500 shares of the company’s stock in a transaction on Tuesday, October 11th. The shares were purchased at an average cost of GBX 866 ($10.73) per share, with a total value of £21,650 ($26,817.79).
About Polymetal International PLC
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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