Polymetal International PLC (POLY) Given Average Recommendation of “Hold” by Brokerages

Polymetal International PLC (LON:POLY) has earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 977.63 ($13.71).

POLY has been the topic of several recent research reports. Numis Securities lowered Polymetal International to an “add” rating and decreased their price target for the company from GBX 1,100 ($15.42) to GBX 1,000 ($14.02) in a report on Friday, December 15th. Panmure Gordon restated a “buy” rating and set a GBX 1,166 ($16.35) price target on shares of Polymetal International in a report on Monday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 900 ($12.62) price target on shares of Polymetal International in a report on Thursday, January 25th. Finally, Jefferies Group reaffirmed an “underperform” rating and issued a GBX 725 ($10.17) price objective on shares of Polymetal International in a research report on Thursday, October 19th.

Shares of Polymetal International (LON POLY) opened at GBX 744.40 ($10.44) on Friday. Polymetal International has a twelve month low of GBX 729.60 ($10.23) and a twelve month high of GBX 1,367.91 ($19.18). The firm has a market capitalization of $3,200.00 and a price-to-earnings ratio of 1,261.69.

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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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