According to an update released by analysts at Numis Securities the broker has now set a ‘Buy’ rating on shares of Polymetal International (LON:POLY) with a price target of 1550.
Numis Securities on Thursday reiterated Polymetal International’s analyst rating as ‘Buy’ with its price target of 1550 highlighting a potential increase of 37.05% from Polymetal International’s current price of 1131.
Over the last twelve months Polymetal International’s stock price has increased from 445.7 to 1131, a change of 153.76%.
Polymetal International has 424,650,000 shares in issue which have a share price of 1131 giving Polymetal International a market capitalisation of 4.80B GBp.
The company has a 50 day moving average of 1121.32 and a 200 day moving average of 845.49. The 52 week high shares of Polymetal International have reached is 1209 whilst the 52 week low for the company’s shares is 444.
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.