Petropavlovsk Lowered to “Hold” at Canaccord Genuity (POG)
Petropavlovsk (LON:POG) was downgraded by analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. They currently have a GBX 70 ($1.15) target price on the stock, down from their previous target price of GBX 90 ($1.48). Canaccord Genuity’s price target would indicate a potential downside of 3.78% from the company’s current price.
Shares of Petropavlovsk (LON:POG) traded down 4.28% during mid-day trading on Wednesday, hitting GBX 72.75. The stock had a trading volume of 1,741,925 shares. Petropavlovsk has a 1-year low of GBX 54.00 and a 1-year high of GBX 396.747. The stock’s 50-day moving average is GBX 66.88 and its 200-day moving average is GBX 80.10. The company’s market cap is £135.8 million.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital downgraded shares of Petropavlovsk to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 50 ($0.82) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Petropavlovsk in a research note to investors on Monday. They now have a GBX 60 ($0.99) 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, January 8th. They now have a GBX 120 ($1.98) price target on the stock. Ten research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 84.86 ($1.40).
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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