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

Kazakhstan Reduces Silver Export

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).

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