Polymetal International PLC (POLY) PT Lowered to GBX 960 at Berenberg Bank

Polymetal International (LON:POLY) Analyst Target Changes

Polymetal International PLC (LON:POLY) had its price target lowered by research analysts at Berenberg Bank to GBX 960 ($11.91) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the mining company’s stock. Berenberg Bank’s price target would indicate a potential upside of 26.32% from the company’s current price.

Several other brokerages also recently weighed in on POLY. Peel Hunt upgraded shares of Polymetal International PLC to an “add” rating and set a GBX 350 ($4.34) target price for the company in a research note on Tuesday, November 15th. Jefferies Group reiterated an “underperform” rating and set a GBX 825 ($10.23) target price on shares of Polymetal International PLC in a research note on Thursday, August 25th. Morgan Stanley started coverage on shares of Polymetal International PLC in a research note on Wednesday, November 9th. They set an “equal weight” rating and a GBX 900 ($11.16) target price for the company. Deutsche Bank AG reiterated a “hold” rating on shares of Polymetal International PLC in a research note on Tuesday, August 9th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 330 ($4.09) target price on shares of Polymetal International PLC in a research note on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 734.60 ($9.11).

Shares of Polymetal International PLC (LON:POLY) opened at 765.50 on Tuesday. The firm’s 50-day moving average price is GBX 850.83 and its 200 day moving average price is GBX 961.65. The stock’s market capitalization is GBX 3.26 billion. Polymetal International PLC has a 1-year low of GBX 497.20 and a 1-year high of GBX 1,209.00.

In other news, insider Marina Groenberg acquired 2,500 shares of Polymetal International PLC stock in a transaction that occurred on Tuesday, October 11th. The stock was purchased at an average price of GBX 866 ($10.74) per share, for a total transaction of £21,650 ($26,857.71).

Polymetal International PLC Company Profile

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).

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