Polymetal International (POLY) PT Raised to GBX 940
Polymetal International (LON:POLY) had its price target upped by analysts at JPMorgan Chase & Co. from GBX 930 ($12.15) to GBX 940 ($12.28) in a research note issued to investors on Wednesday. The firm presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 26.24% from the company’s current price.
POLY has been the topic of several other research reports. UBS Group reduced their price target on shares of Polymetal International from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research note on Thursday, September 27th. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,000 ($13.07) price target on shares of Polymetal International in a research note on Wednesday, August 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 800 ($10.45) price target on shares of Polymetal International in a research note on Tuesday, October 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Polymetal International in a research note on Wednesday, October 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 880.71 ($11.51).
POLY stock opened at GBX 744.60 ($9.73) on Wednesday. Polymetal International has a 12 month low of GBX 729.60 ($9.53) and a 12 month high of GBX 1,367.91 ($17.87).
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Dukat hub situated in the northeast of Magadan, Russia. The company also owns interests in various projects, including Omolon Hub, Amursk POX Hub, Albazino, Mayskoye, Okhotsk Hub, Voro, Kapan, Varvara, and Kyzyl projects.
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