Polymetal International Plc (Poly) Receives Underperform Rating From The Jefferies Group

Polymetal on track for full year as gold sales grow

Polymetal International PLC (LON:POLY)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Group in a report issued on Thursday. They currently have a GBX 470 ($5.78) price target on the mining company’s stock. Jefferies Group’s target price would indicate a potential downside of 45.03% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Deutsche Bank AG cut their price objective on Polymetal International PLC from GBX 460 ($5.65) to GBX 430 ($5.28) and set a “hold” rating on the stock in a research report on Friday, January 22nd. Credit Suisse Group reiterated a “neutral” rating and set a GBX 570 ($7.01) target price on shares of Polymetal International PLC in a research note on Friday, November 13th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 540 ($6.64) target price on shares of Polymetal International PLC in a research note on Tuesday, November 10th. 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 company. The company currently has a consensus rating of “Hold” and an average target price of GBX 734.60 ($9.03).

Shares of Polymetal International PLC (LON:POLY) traded down 0.70% during mid-day trading on Thursday, hitting GBX 855.00. The stock’s 50 day moving average price is GBX 781.64 and its 200-day moving average price is GBX 951.79. The stock’s market cap is GBX 3.64 billion. Polymetal International PLC has a one year low of GBX 511.00 and a one year high of GBX 1,209.00.

The company also recently declared a dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 15th were issued a dividend of GBX 0.15 ($0.00) per share. This is a boost from Polymetal International PLC’s previous dividend of $0.13. This represents a yield of 1.53%. The ex-dividend date was Thursday, December 15th.

In other Polymetal International PLC news, insider Marina Groenberg purchased 2,500 shares of the stock in a transaction dated Wednesday, November 30th. The shares were acquired at an average cost of GBX 765 ($9.40) per share, for a total transaction of £19,125 ($23,503.75).

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).