Polymetal International PLC (POLY) Rating Reiterated by Jefferies Group LLC

Polymetal on track for full year as gold sales grow

Polymetal International PLC (LON:POLY)‘s stock had its “underperform” rating reissued by analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. They presently have a GBX 650 ($8.11) price objective on the mining company’s stock. Jefferies Group LLC’s target price points to a potential downside of 31.11% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Berenberg Bank cut their price target on shares of Polymetal International PLC to GBX 960 ($11.98) and set a “buy” rating on the stock in a report on Tuesday, November 29th. Numis Securities Ltd restated a “buy” rating on shares of Polymetal International PLC in a report on Monday, November 21st. Peel Hunt upgraded shares of Polymetal International PLC to an “add” rating and set a GBX 350 ($4.37) target price on the stock in a report on Tuesday, November 15th. Finally, Morgan Stanley assumed coverage on shares of Polymetal International PLC in a report on Wednesday, November 9th. They issued an “equal weight” rating and a GBX 900 ($11.23) target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Polymetal International PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 729.60 ($9.11).

Shares of Polymetal International PLC (LON:POLY) opened at 948.50 on Monday. Polymetal International PLC has a 1-year low of GBX 590.00 and a 1-year high of GBX 1,209.00. The firm’s market cap is GBX 4.04 billion. The company’s 50-day moving average is GBX 859.62 and its 200 day moving average is GBX 945.31.

In related news, insider Marina Groenberg purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were bought at an average cost of GBX 765 ($9.55) per share, for a total transaction of £19,125 ($23,867.47).

About Polymetal International PLC

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).