Polymetal International (LON:POLY) Issued With ‘Buy’ Rating At Berenberg Bank
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan.Following an update released by analysts at Berenberg Bank on Wednesday the broker has now set a ‘Buy’ rating on shares of Polymetal International (LON:POLY) with a price target of 360.
On Wednesday Berenberg Bank reiterated its target for shares of Polymetal International as ‘Buy’ recommending a target price of 360 for investors; potentially meaning there is an increase of -69.57% from Polymetal International’s share price of 1183.
Polymetal International has 424,650,000 shares currently held by shareholders which currently trade around the 1183 mark which totals Polymetal International’s market capitalisation to 5.02B GBP.
The business has a 50 day moving average of 1098.36 and a 200 day moving average of 822.22 whilst the 52 week high shares of Polymetal International have reached is 1209 and the 52 week low is 441.
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital). Its exploration activities are focused on over five regions in Russia-Khabarovsk, Magadan, Chukotka, Karelia and Ekaterinburg, as well as on Kazakhstan. It has approximately 80 licenses for geological studies and gold, silver, copper and platinum group metals (PGM) mining, covering a total area of over 9,000 square kilometers.