Polymetal International PLC (POLY) PT Lowered to GBX 960 at JPMorgan Chase & Co.
Polymetal International PLC (LON:POLY) had its target price lowered by equities researchers at JPMorgan Chase & Co. from GBX 971 ($12.47) to GBX 960 ($12.33) in a research note issued on Monday. The brokerage presently has an “underweight” rating on the mining company’s stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 3.71% from the stock’s current price.
POLY has been the subject of a number of other reports. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 650 ($8.35) price target on shares of Polymetal International PLC in a research report on Monday, February 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 960 ($12.33) price target on shares of Polymetal International PLC in a research report on Thursday, February 9th. Citigroup Inc dropped their price target on shares of Polymetal International PLC from GBX 1,014 ($13.03) to GBX 1,000 ($12.85) and set a “neutral” rating for the company in a research report on Friday, March 17th. Panmure Gordon started coverage on shares of Polymetal International PLC in a research report on Wednesday, March 15th. They issued a “buy” rating and a GBX 1,192 ($15.31) price target for the company. Finally, Goldman Sachs Group Inc reiterated a “buy” rating and issued a GBX 1,100 ($14.13) price target on shares of Polymetal International PLC in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 858.83 ($11.03).
Polymetal International PLC (LON POLY) traded down 1.15% on Monday, reaching GBX 985.50. 506,401 shares of the company traded hands. Polymetal International PLC has a 1-year low of GBX 723.00 and a 1-year high of GBX 1,367.91. The stock’s market capitalization is GBX 4.24 billion. The stock’s 50-day moving average is GBX 1,026.44 and its 200-day moving average is GBX 933.24.
The company also recently announced a dividend, which was paid on Friday, May 26th. Stockholders of record on Thursday, May 4th were paid a €0.18 ($0.20) dividend. The ex-dividend date was Thursday, May 4th. This represents a dividend yield of 1.54%. This is an increase from Polymetal International PLC’s previous dividend of $0.15.
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About Polymetal International PLC
Polymetal International plc is a gold and silver mining company operating in Russia, Kazakhstan and Armenia. The Company operates through nine segments: Voro (CJSC Gold of Northern Urals); Okhotsk operations (LLC Okhotskaya Mining and Exploration Company and Svetloye LLC); Dukat (JSC Magadan Silver); Omolon (Omolon Gold Mining Company LLC); Varvara (JSC Varvarinskoye; JSC Komarovskoye Mining Company); Amursk/Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC); Mayskoye (Mayskoye Gold Mining Company LLC); Kyzyl (Bakyrchik Mining Venture LLP and Inter Gold Capital LLP), and Armenia (Kapan MPC CJSC and LV Gold Mining CJSC).
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