Shares of PolyMet Mining Corp. (NYSE:PLM) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $2.45 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given PolyMet Mining Corp. an industry rank of 18 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. Paradigm Capital reaffirmed a “buy” rating and issued a $1.30 price objective (down previously from $2.15) on shares of PolyMet Mining Corp. in a report on Tuesday, July 19th. Zacks Investment Research raised shares of PolyMet Mining Corp. from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a report on Tuesday, September 20th. Finally, CIBC reaffirmed a “sector perform” rating and issued a $1.20 price objective on shares of PolyMet Mining Corp. in a report on Wednesday, July 20th.

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Shares of PolyMet Mining Corp. (NYSE:PLM) traded down 0.2484% during midday trading on Monday, reaching $0.7631. 135,701 shares of the company were exchanged. PolyMet Mining Corp. has a 52-week low of $0.68 and a 52-week high of $1.28. The company’s market capitalization is $211.98 million. The firm’s 50 day moving average is $0.85 and its 200-day moving average is $0.84.

A hedge fund recently raised its stake in PolyMet Mining Corp. stock. SNS Financial Group LLC increased its position in shares of PolyMet Mining Corp. (NYSE:PLM) by 7.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 144,505 shares of the company’s stock after buying an additional 10,000 shares during the period. SNS Financial Group LLC owned 0.05% of PolyMet Mining Corp. worth $111,000 as of its most recent SEC filing.

About PolyMet Mining Corp.

PolyMet Mining Corp. (PolyMet) is a development-stage company. The Company is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which is located in St. Louis County in the Mesabi Iron Range mining district approximately 60 miles north of Duluth, Minnesota, the United States.

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