Polymetal International PLC (POLY) Rating Reiterated by Jefferies Group LLC
Polymetal International PLC (LON:POLY)‘s stock had its “underperform” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Thursday, Marketbeat reports. They currently have a GBX 725 ($9.63) target price on the mining company’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 19.93% from the stock’s current price.
POLY has been the subject of several other research reports. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,200 ($15.94) target price on shares of Polymetal International PLC in a research note on Thursday, June 22nd. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,166 ($15.49) target price (down previously from GBX 1,193 ($15.85)) on shares of Polymetal International PLC in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co upped their target price on shares of Polymetal International PLC from GBX 921 ($12.24) to GBX 928 ($12.33) and gave the company an “underweight” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 917.18 ($12.19).
Polymetal International PLC (LON:POLY) traded down 0.82% on Thursday, reaching GBX 905.50. 719,843 shares of the company’s stock traded hands. Polymetal International PLC has a 52-week low of GBX 723.00 and a 52-week high of GBX 1,367.91. The firm’s market capitalization is GBX 3.89 billion. The firm’s 50 day moving average price is GBX 861.24 and its 200 day moving average price is GBX 938.18.
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In related news, insider Vitaly Nesis purchased 703 shares of Polymetal International PLC stock in a transaction dated Tuesday, September 19th. The stock was bought at an average price of GBX 811 ($10.78) per share, for a total transaction of £5,701.33 ($7,575.51).
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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