Polymetal International (LON:POLY) was upgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a GBX 880 ($11.50) target price on the mining company’s stock, up from their prior target price of GBX 860 ($11.24). JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.25% from the stock’s previous close.
A number of other research analysts have also commented on POLY. UBS Group reiterated a “buy” rating and set a GBX 950 ($12.41) price objective on shares of Polymetal International in a research note on Tuesday, October 16th. Jefferies Financial Group restated a “hold” rating on shares of Polymetal International in a research report on Wednesday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 800 ($10.45) price target on shares of Polymetal International in a research report on Tuesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Polymetal International currently has a consensus rating of “Buy” and a consensus target price of GBX 879.29 ($11.49).
LON POLY opened at GBX 860.60 ($11.25) on Tuesday. Polymetal International has a 12 month low of GBX 729.60 ($9.53) and a 12 month high of GBX 1,367.91 ($17.87).
About Polymetal International
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Amursk POX hub situated in the Khabarovsk Territory, Russia. The company was founded in 1998 and is headquartered in Saint Petersburg, Russia.
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