Petropavlovsk PT Raised to GBX 70 (POG)
Research analysts at Nomura boosted their price objective on shares of Petropavlovsk (LON:POG) from GBX 55 ($0.88) to GBX 70 ($1.12) in a report released on Wednesday, AR Network reports. The firm currently has a “reduce” rating on the stock. Nomura’s price target would suggest a potential upside of 1.45% from the stock’s previous close.
Petropavlovsk (LON:POG) traded down 2.47% during mid-day trading on Wednesday, hitting GBX 69.00. 2,217,886 shares of the company’s stock traded hands. Petropavlovsk has a 52-week low of GBX 63.00 and a 52-week high of GBX 441.326. The stock’s 50-day moving average is GBX 96.64 and its 200-day moving average is GBX 137.3. The company’s market cap is £128.8 million.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Petropavlovsk in a research note to investors on Monday, October 7th. They now have a GBX 70 ($1.12) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Petropavlovsk in a research note to investors on Monday, October 7th. They now have a GBX 64 ($1.02) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Wednesday, October 2nd. They now have a GBX 130 ($2.08) price target on the stock. Eight analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 137.21 ($2.19).
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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