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Analysts at HSBC lowered their price target on shares of Petropavlovsk (LON:POG) from GBX 62 ($1.02) to GBX 50 ($0.82) in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm currently has an “underweight” rating on the stock. HSBC’s target price suggests a potential downside of 30.56% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities downgraded shares of Petropavlovsk to a “neutral” rating in a research note to investors on Monday. They now have a GBX 75 ($1.23) price target on the stock, down previously from GBX 120 ($1.97). Separately, analysts at Canaccord Genuity downgraded shares of Petropavlovsk to a “hold” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 70 ($1.15) price target on the stock, down previously from GBX 90 ($1.48). Finally, analysts at Liberum Capital downgraded shares of Petropavlovsk to a “sell” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 50 ($0.82) price target on the stock. Ten investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Petropavlovsk presently has a consensus rating of “Hold” and an average price target of GBX 81.07 ($1.33).

Shares of Petropavlovsk (LON:POG) opened at 72.75 on Wednesday. Petropavlovsk has a one year low of GBX 54.00 and a one year high of GBX 382.299. The stock has a 50-day moving average of GBX 68.12 and a 200-day moving average of GBX 79.60. The company’s market cap is £135.8 million.

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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