Jefferies Group Lowers Polymetal International PLC (POLY) Price Target to GBX 725
Polymetal International PLC (LON:POLY) had its price objective lowered by equities research analysts at Jefferies Group from GBX 825 ($10.21) to GBX 725 ($8.97) in a research note issued to investors on Friday. The brokerage currently has an “underperform” rating on the mining company’s stock. Jefferies Group’s price target would indicate a potential downside of 15.99% from the company’s current price.
A number of other equities research analysts also recently weighed in on POLY. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 870 ($10.77) price target on shares of Polymetal International PLC in a research note on Thursday, June 16th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 610 ($7.55) target price on shares of Polymetal International PLC in a research report on Monday, June 20th. Credit Suisse Group AG lifted their target price on shares of Polymetal International PLC from GBX 610 ($7.55) to GBX 840 ($10.40) and gave the stock a “neutral” rating in a research report on Friday, July 1st. Finally, Numis Securities Ltd initiated coverage on shares of Polymetal International PLC in a research report on Tuesday, July 12th. They set an “add” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 677.89 ($8.39).
Shares of Polymetal International PLC (LON:POLY) opened at 855.00 on Friday. The company’s market cap is GBX 3.64 billion. 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 50 day moving average is GBX 997.49 and its 200 day moving average is GBX 924.70.
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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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