Polymetal International PLC (LON:POLY) had its price objective raised by stock analysts at Deutsche Bank AG from GBX 850 ($11.10) to GBX 876 ($11.43) in a report issued on Wednesday. The brokerage currently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price objective would suggest a potential downside of 5.60% from the stock’s current price.
Several other analysts have also commented on POLY. Credit Suisse Group AG lifted their price objective on shares of Polymetal International PLC from GBX 610 ($7.96) to GBX 840 ($10.96) and gave the stock a “neutral” rating in a research report on Friday, July 1st. Jefferies Group lifted their price objective on shares of Polymetal International PLC from GBX 520 ($6.79) to GBX 825 ($10.77) and gave the stock an “underperform” rating in a research report on Thursday, July 14th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 870 ($11.36) price objective on shares of Polymetal International PLC in a research report on Thursday, June 16th. Numis Securities Ltd reaffirmed a “buy” rating on shares of Polymetal International PLC in a research report on Thursday, August 25th. Finally, Berenberg Bank lowered their price objective on shares of Polymetal International PLC from GBX 395 ($5.16) to GBX 360 ($4.70) and set a “buy” rating on the stock in a research report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Polymetal International PLC has a consensus rating of “Hold” and a consensus price target of GBX 689 ($8.99).
Shares of Polymetal International PLC (LON:POLY) opened at 928.00 on Wednesday. Polymetal International PLC has a 52-week low of GBX 497.20 and a 52-week high of GBX 1,209.00. The firm’s market cap is GBX 3.96 billion. The company’s 50 day moving average is GBX 1,057.77 and its 200 day moving average is GBX 920.64.
About Polymetal International PLC
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital).
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