Polymetal International PLC (LON:POLY) had its price target decreased by research analysts at Jefferies Group from GBX 825 ($10.21) to GBX 725 ($8.97) in a research report issued on Friday. The brokerage presently has an “underperform” rating on the mining company’s stock. Jefferies Group’s target price suggests a potential downside of 15.99% from the stock’s current price.

A number of other research firms have also commented on POLY. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 870 ($10.77) price objective on shares of Polymetal International PLC in a research note on Thursday, June 16th. Numis Securities Ltd raised Polymetal International PLC to a “buy” rating in a research note on Tuesday, July 19th. Berenberg Bank started coverage on Polymetal International PLC in a research note on Wednesday, September 7th. They issued a “buy” rating on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 610 ($7.55) price objective on shares of Polymetal International PLC in a research note on Monday, June 20th. Finally, Credit Suisse Group AG lifted their target price on Polymetal International PLC from GBX 610 ($7.55) to GBX 840 ($10.40) and gave the stock a “neutral” rating in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Polymetal International PLC currently has an average rating of “Hold” and a consensus price target of GBX 677.89 ($8.39).

Analyst Recommendations for Polymetal International PLC (LON:POLY)

Shares of Polymetal International PLC (LON:POLY) opened at 849.00 on Friday. The firm’s market cap is GBX 3.62 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 has a 50 day moving average price of GBX 997.49 and a 200 day moving average price of 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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