Polymetal International PLC (POLY) Receives Average Recommendation of “Hold” from Analysts

Polymetal on track for full year as gold sales grow

Polymetal International PLC (LON:POLY) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 762 ($9.49).

Several research analysts recently weighed in on POLY shares. Peel Hunt raised Polymetal International PLC to an “add” rating and set a GBX 350 ($4.36) target price on the stock in a research report on Tuesday, November 15th. Berenberg Bank lowered their price target on Polymetal International PLC to GBX 960 ($11.96) and set a “buy” rating for the company in a report on Tuesday, November 29th. Numis Securities Ltd reiterated a “buy” rating on shares of Polymetal International PLC in a report on Monday, November 21st. Morgan Stanley assumed coverage on Polymetal International PLC in a report on Wednesday, November 9th. They issued an “equal weight” rating and a GBX 900 ($11.21) price target for the company. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 650 ($8.10) price target on shares of Polymetal International PLC in a report on Monday, February 6th.

Shares of Polymetal International PLC (LON:POLY) opened at 987.00 on Wednesday. The stock’s market capitalization is GBX 4.21 billion. Polymetal International PLC has a 12-month low of GBX 638.14 and a 12-month high of GBX 1,209.00. The stock has a 50 day moving average price of GBX 937.01 and a 200 day moving average price of GBX 927.96.

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In related news, insider Marina Groenberg purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, November 30th. The stock was purchased at an average cost of GBX 765 ($9.53) per share, for a total transaction of £19,125 ($23,828.81).

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).