Jefferies Group LLC Reiterates Underperform Rating for Polymetal International PLC (POLY)
Polymetal International PLC (LON:POLY)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a GBX 725 ($9.38) price objective on the mining company’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 22.50% from the company’s current price.
Several other analysts also recently issued reports on the stock. Numis Securities Ltd downgraded shares of Polymetal International PLC to an “add” rating and set a GBX 1,100 ($14.23) price objective for the company. in a research report on Wednesday. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,166 ($15.08) price objective (down previously from GBX 1,193 ($15.43)) on shares of Polymetal International PLC in a research report on Tuesday. J P Morgan Chase & Co lowered their price objective on shares of Polymetal International PLC from GBX 971 ($12.56) to GBX 960 ($12.42) and set an “underweight” rating for the company in a research report on Monday, June 5th. Finally, Berenberg Bank downgraded shares of Polymetal International PLC to a “hold” rating and increased their price objective for the company from GBX 960 ($12.42) to GBX 1,090 ($14.10) in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 916.42 ($11.85).
Shares of Polymetal International PLC (LON POLY) opened at 935.50 on Thursday. The stock’s market cap is GBX 4.02 billion. The stock has a 50 day moving average of GBX 911.79 and a 200 day moving average of GBX 967.49. Polymetal International PLC has a 12 month low of GBX 723.00 and a 12 month high of GBX 1,367.91.
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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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