Polymetal International’s (POLY) “Buy” Rating Reaffirmed at Panmure Gordon

Polymetal International (LON:POLY)‘s stock had its “buy” rating reaffirmed by research analysts at Panmure Gordon in a note issued to investors on Monday, November 13th. They currently have a GBX 1,166 ($15.59) target price on the mining company’s stock. Panmure Gordon’s target price indicates a potential upside of 26.67% from the stock’s current price.

A number of other research firms have also weighed in on POLY. Numis Securities lowered shares of Polymetal International to an “add” rating and set a GBX 1,100 ($14.71) target price on the stock. in a report on Wednesday, August 30th. Jefferies Group reissued an “underperform” rating and set a GBX 725 ($9.69) target price on shares of Polymetal International in a report on Thursday, August 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Polymetal International from GBX 910 ($12.17) to GBX 920 ($12.30) and gave the company a “neutral” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Polymetal International has an average rating of “Hold” and a consensus price target of GBX 992.63 ($13.27).

Polymetal International (LON POLY) traded up GBX 11.50 ($0.15) on Monday, reaching GBX 920.50 ($12.31). 236,428 shares of the company’s stock were exchanged, compared to its average volume of 648,862. Polymetal International has a 52-week low of GBX 791.50 ($10.58) and a 52-week high of GBX 1,367.91 ($18.29). The company has a market cap of $3,880.00 and a price-to-earnings ratio of 1,534.17.

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About Polymetal International

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).

Analyst Recommendations for Polymetal International (LON:POLY)

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