The Polymetal International PLC’s (POLY) Underperform Rating Reiterated At Jefferies Group LLC

Polymetal on track for full year as gold sales grow

Jefferies Group LLC reiterated their underperform rating on shares of Polymetal International PLC (LON:POLY) in a report released on Monday morning. They currently have a GBX 650 ($8.10) price objective on the mining company’s stock.

A number of other research firms have also recently issued reports on POLY. Numis Securities Ltd reissued a buy rating and issued a GBX 330 ($4.11) price target on shares of Polymetal International PLC in a research note on Wednesday, November 2nd. Morgan Stanley began coverage on shares of Polymetal International PLC in a research note on Wednesday, November 9th. They issued an equal weight rating and a GBX 900 ($11.21) price target on the stock. Peel Hunt raised shares of Polymetal International PLC to an add rating and set a GBX 350 ($4.36) price target on the stock in a research note on Tuesday, November 15th. Finally, Berenberg Bank dropped their price target on shares of Polymetal International PLC to GBX 960 ($11.96) and set a buy rating on the stock in a research note on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Polymetal International PLC currently has a consensus rating of Hold and a consensus price target of GBX 729.60 ($9.09).

Polymetal International PLC (LON:POLY) opened at 978.00 on Monday. Polymetal International PLC has a 52-week low of GBX 590.00 and a 52-week high of GBX 1,209.00. The company’s market cap is GBX 4.17 billion. The firm’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 acquired 2,500 shares of Polymetal International PLC stock in a transaction that occurred on Wednesday, November 30th. The shares were purchased at an average cost of GBX 765 ($9.53) per share, for a total transaction of £19,125 ($23,822.87).

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).

Share