Polymetal International PLC (POLY) Given Buy Rating at Panmure Gordon
Panmure Gordon reaffirmed their buy rating on shares of Polymetal International PLC (LON:POLY) in a report issued on Tuesday. The firm currently has a GBX 1,166 ($15.08) target price on the mining company’s stock, down from their previous target price of GBX 1,193 ($15.43).
Several other research firms have also issued reports on POLY. Berenberg Bank lowered Polymetal International PLC to a hold rating and increased their price objective for the stock from GBX 960 ($12.42) to GBX 1,090 ($14.10) in a research note on Friday, May 19th. Jefferies Group LLC reiterated an underperform rating on shares of Polymetal International PLC in a research note on Wednesday, May 17th. J P Morgan Chase & Co increased their price objective on Polymetal International PLC from GBX 956 ($12.36) to GBX 971 ($12.56) and gave the stock an underweight rating in a research note on Tuesday, May 16th. Finally, Numis Securities Ltd reiterated a buy rating and set a GBX 1,200 ($15.52) price objective on shares of Polymetal International PLC in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Polymetal International PLC currently has an average rating of Hold and an average target price of GBX 916.42 ($11.85).
Shares of Polymetal International PLC (POLY) opened at 939.00 on Tuesday. Polymetal International PLC has a 52 week low of GBX 723.00 and a 52 week high of GBX 1,367.91. The firm’s market cap is GBX 4.04 billion. The company’s 50-day moving average is GBX 911.79 and its 200-day moving average is GBX 967.49.
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About Polymetal International PLC
Polymetal International plc is a gold and silver mining company operating in Russia, Kazakhstan and Armenia. The Company operates through nine segments: Voro (CJSC Gold of Northern Urals); Okhotsk operations (LLC Okhotskaya Mining and Exploration Company and Svetloye LLC); Dukat (JSC Magadan Silver); Omolon (Omolon Gold Mining Company LLC); Varvara (JSC Varvarinskoye; JSC Komarovskoye Mining Company); Amursk/Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC); Mayskoye (Mayskoye Gold Mining Company LLC); Kyzyl (Bakyrchik Mining Venture LLP and Inter Gold Capital LLP), and Armenia (Kapan MPC CJSC and LV Gold Mining CJSC).
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