Jefferies Group LLC Reaffirms “Underperform” Rating for Polymetal International PLC (POLY)
Jefferies Group LLC restated their underperform rating on shares of Polymetal International PLC (LON:POLY) in a research report released on Thursday, MarketBeat reports. Jefferies Group LLC currently has a GBX 725 ($9.63) price target on the mining company’s stock.
Several other equities analysts have also recently issued reports on the company. Numis Securities Ltd restated a buy rating and set a GBX 1,100 ($14.62) price objective on shares of Polymetal International PLC in a research note on Wednesday, October 11th. J P Morgan Chase & Co raised their price objective on Polymetal International PLC from GBX 921 ($12.24) to GBX 928 ($12.33) and gave the stock an underweight rating in a research note on Friday, September 1st. Finally, Panmure Gordon restated a buy rating and set a GBX 1,166 ($15.49) price objective (down from GBX 1,193 ($15.85)) on shares of Polymetal International PLC in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 917.18 ($12.19).
Shares of Polymetal International PLC (LON:POLY) traded down 0.82% during trading on Thursday, hitting GBX 905.50. 719,843 shares of the stock were exchanged. The stock’s 50 day moving average price is GBX 861.24 and its 200 day moving average price is GBX 938.18. The stock’s market cap is GBX 3.89 billion. Polymetal International PLC has a one year low of GBX 723.00 and a one year high of GBX 1,367.91.
The business also recently announced a dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were given a $0.14 dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend was Thursday, September 7th.
In related news, insider Vitaly Nesis bought 703 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were purchased at an average cost of GBX 811 ($10.78) per share, with a total value of £5,701.33 ($7,575.51).
Polymetal International PLC Company Profile
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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