Panmure Gordon Begins Coverage on Polymetal International PLC (POLY)
Panmure Gordon began coverage on shares of Polymetal International PLC (LON:POLY) in a report issued on Wednesday morning. The brokerage issued a buy rating and a GBX 1,192 ($14.72) target price on the mining company’s stock.
A number of other analysts also recently issued reports on POLY. Berenberg Bank dropped their price objective on shares of Polymetal International PLC to GBX 960 ($11.86) and set a buy rating for the company in a report on Tuesday, November 29th. Jefferies Group LLC dropped their price objective on shares of Polymetal International PLC from GBX 700 ($8.65) to GBX 650 ($8.03) and set an underperform rating for the company in a report on Tuesday, January 10th. Numis Securities Ltd reaffirmed a buy rating on shares of Polymetal International PLC in a report on Monday, November 21st. Finally, Peel Hunt raised shares of Polymetal International PLC to an add rating and set a GBX 350 ($4.32) price objective for the company in a report on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 811.92 ($10.03).
Shares of Polymetal International PLC (LON:POLY) opened at 1014.00 on Wednesday. The company’s 50-day moving average price is GBX 958.31 and its 200-day moving average price is GBX 902.05. The firm’s market capitalization is GBX 4.32 billion. Polymetal International PLC has a 12-month low of GBX 655.00 and a 12-month high of GBX 1,367.91.
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The business also recently disclosed a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be issued a dividend of GBX 0.18 ($0.00) per share. This is an increase from Polymetal International PLC’s previous dividend of $0.15. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 4th.
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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