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).

Analyst Recommendations for Polymetal International PLC (LON:POLY)

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.

COPYRIGHT VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/29/polymetal-international-plc-poly-pt-lowered-to-gbx-960.html.

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).

Receive News & Stock Ratings for Polymetal International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polymetal International PLC and related stocks with our FREE daily email newsletter.