JPMorgan Chase & Co. Sells 151,318 Shares of Polymet Mining Corp (PLM)
JPMorgan Chase & Co. lowered its stake in shares of Polymet Mining Corp (NYSE:PLM) (TSE:POM) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,845,809 shares of the basic materials company’s stock after selling 151,318 shares during the period. JPMorgan Chase & Co. owned 3.40% of Polymet Mining Corp worth $6,399,000 at the end of the most recent reporting period.
Polymet Mining Corp (NYSE:PLM) opened at 0.591 on Wednesday. The company’s market capitalization is $188.56 million. Polymet Mining Corp has a 12-month low of $0.57 and a 12-month high of $0.97. The stock has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.66.
Polymet Mining Corp (NYSE:PLM) (TSE:POM) last released its quarterly earnings results on Thursday, September 14th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Equities analysts predict that Polymet Mining Corp will post ($0.03) EPS for the current fiscal year.
About Polymet Mining Corp
PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.
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