Peel Hunt Upgrades Polymetal International PLC (POLY) to Add
Polymetal International PLC (LON:POLY) was upgraded by equities researchers at Peel Hunt to an “add” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a GBX 350 ($4.37) price target on the mining company’s stock. Peel Hunt’s price objective indicates a potential downside of 55.81% from the stock’s previous close.
A number of other research analysts also recently weighed in on POLY. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 820 ($10.24) price objective on shares of Polymetal International PLC in a research report on Monday, July 18th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 330 ($4.12) price objective on shares of Polymetal International PLC in a research report on Wednesday, November 2nd. Jefferies Group decreased their price objective on shares of Polymetal International PLC from GBX 725 ($9.06) to GBX 700 ($8.75) and set an “underperform” rating for the company in a research report on Tuesday. Finally, Morgan Stanley assumed coverage on shares of Polymetal International PLC in a research report on Wednesday, November 9th. They issued an “equal weight” rating and a GBX 900 ($11.24) price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Polymetal International PLC presently has an average rating of “Hold” and a consensus target price of GBX 674.60 ($8.43).
Polymetal International PLC (LON:POLY) opened at 797.00 on Tuesday. The stock’s market cap is GBX 3.40 billion. The company has a 50-day moving average price of GBX 888.74 and a 200 day moving average price of GBX 957.52. Polymetal International PLC has a 52-week low of GBX 497.20 and a 52-week high of GBX 1,209.00.
In other Polymetal International PLC news, insider Marina Groenberg acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The stock was bought at an average price of GBX 866 ($10.82) per share, with a total value of £21,650 ($27,048.98).
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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