Polymetal International PLC (POLY) Given New GBX 960 Price Target at Berenberg Bank
Polymetal International PLC (LON:POLY) had its target price dropped by equities researchers at Berenberg Bank to GBX 960 ($12.20) in a report released on Tuesday. The firm presently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target would suggest a potential upside of 30.70% from the stock’s previous close.
Several other research firms have also recently issued reports on POLY. Deutsche Bank AG restated a “hold” rating on shares of Polymetal International PLC in a report on Tuesday, August 9th. Numis Securities Ltd restated a “buy” rating and set a GBX 370 ($4.70) price objective on shares of Polymetal International PLC in a report on Tuesday, August 16th. Jefferies Group restated an “underperform” rating and set a GBX 825 ($10.48) price objective on shares of Polymetal International PLC in a report on Thursday, August 25th. Morgan Stanley assumed coverage on Polymetal International PLC in a report on Wednesday, November 9th. They set an “equal weight” rating and a GBX 900 ($11.43) price objective on the stock. Finally, Peel Hunt upgraded Polymetal International PLC to an “add” rating and set a GBX 350 ($4.45) price objective on the stock in a report on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 734.60 ($9.33).
Polymetal International PLC (LON:POLY) traded up 0.41% during mid-day trading on Tuesday, reaching GBX 734.50. The company’s stock had a trading volume of 1,296,296 shares. Polymetal International PLC has a 12 month low of GBX 497.20 and a 12 month high of GBX 1,209.00. The stock’s 50-day moving average is GBX 833.14 and its 200-day moving average is GBX 959.76. The firm’s market capitalization is GBX 3.13 billion.
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In other news, insider Marina Groenberg bought 2,500 shares of Polymetal International PLC stock in a transaction that occurred on Wednesday, November 30th. The shares were purchased at an average price of GBX 765 ($9.72) per share, for a total transaction of £19,125 ($24,298.06).
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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