Jefferies International reiterated Polymetal International PLC (LON:POLY) as ‘Underperform’ With 725 PT

Polymetal International (LON:POLY) Analyst Target Changes

According to a report issued to investors by Jefferies International on Friday, shares of Polymetal International PLC (LON:POLY) had their rating reiterated by analysts to ‘Underperform’.

The analyst stated that the investment firm has set a price target of 725 on shares of LON:POLY. Based on the brokers price target of 725, this means Jefferies International believes there is a potential decrease of -14.71% from the current stock price of 850.

Polymetal International PLC has 426,233,000 shares which are currently outstanding with shareholders and have a price of 850 bringing Polymetal International PLC’s market capitalisation to 3.62B GBP.

The company’s 50 day moving average is 997.49 and its 200 day moving average is 924.7. The 52 week high Polymetal International PLC’s shares have reached is 1209 whilst the 52 week low for the company’s shares is 497.2.

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.

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