Polymetal International PLC (LON:POLY) had its price objective decreased by Jefferies Group from GBX 825 ($10.05) to GBX 725 ($8.84) in a research note released on Friday. Jefferies Group currently has an underperform rating on the mining company’s stock.
POLY has been the subject of several other research reports. Deutsche Bank AG reissued a hold rating and issued a GBX 850 ($10.36) price objective on shares of Polymetal International PLC in a report on Monday, September 5th. Numis Securities Ltd reissued a buy rating on shares of Polymetal International PLC in a report on Thursday, August 25th. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 870 ($10.60) price objective on shares of Polymetal International PLC in a report on Thursday, June 16th. Berenberg Bank decreased their price objective on Polymetal International PLC from GBX 395 ($4.81) to GBX 360 ($4.39) and set a buy rating for the company in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG boosted their price objective on Polymetal International PLC from GBX 610 ($7.43) to GBX 840 ($10.24) and gave the company a neutral rating in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Polymetal International PLC currently has a consensus rating of Hold and a consensus target price of GBX 677.89 ($8.26).
Polymetal International PLC (LON:POLY) opened at 888.50 on Friday. The firm’s 50-day moving average price is GBX 976.19 and its 200 day moving average price is GBX 930.12. Polymetal International PLC has a 12-month low of GBX 497.20 and a 12-month high of GBX 1,209.00. The stock’s market cap is GBX 3.79 billion.
In other news, insider Marina Groenberg acquired 2,500 shares of the business’s stock in a transaction on Tuesday, October 11th. The stock was bought at an average cost of GBX 866 ($10.55) per share, for a total transaction of £21,650 ($26,386.35).
Polymetal International PLC Company Profile
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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