Jefferies International Issues Price Target With -30.52% Downside On Polymetal International PLC

Polymetal International PLC (POLY) Given Consensus Rating of “Hold” by Analysts

On Monday Jefferies International reiterated its target price on Polymetal International PLC (LON:POLY) shares issuing the company with a ‘Underperform’ rating.

Jefferies International gave the share price of Polymetal International PLC a price target of 650 meaning the broker expects a potential downside of -30.52% from Polymetal International PLC’s current market price of 935.46.

Polymetal International PLC has 426,233,000 shares outstanding at the moment which are trading around 935.46 bringing Polymetal International PLC’s market capitalisation to 3.99B GBP.

Polymetal International PLC Twelve Month Chart

The 52 week high of Polymetal International PLC’s shares is 1209 whilst the 52 week low for shares in the company is 590. The 50 day moving average of LON:POLY is 859.62 and the 200 day moving average is 945.31.

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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