Panmure Gordon Begins Coverage on Polymetal International PLC (POLY)

Panmure Gordon Begins Coverage on Polymetal International PLC (POLY)

Panmure Gordon assumed coverage on shares of Polymetal International PLC (LON:POLY) in a research note released on Wednesday. The brokerage issued a buy rating and a GBX 1,192 ($14.57) price objective on the mining company’s stock.

A number of other research analysts also recently weighed in on POLY. Jefferies Group LLC dropped their price target on Polymetal International PLC from GBX 725 ($8.86) to GBX 700 ($8.56) and set an underperform rating on the stock in a research note on Tuesday, November 15th. Peel Hunt raised Polymetal International PLC to an add rating and set a GBX 350 ($4.28) price target on the stock in a research note on Tuesday, November 15th. Numis Securities Ltd reaffirmed a buy rating on shares of Polymetal International PLC in a research note on Tuesday, November 15th. Finally, Berenberg Bank dropped their price target on Polymetal International PLC to GBX 960 ($11.74) and set a buy rating on the stock in a research note on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 811.92 ($9.93).

Shares of Polymetal International PLC (LON:POLY) opened at 1005.00 on Wednesday. The firm’s market capitalization is GBX 4.28 billion. Polymetal International PLC has a 12-month low of GBX 655.00 and a 12-month high of GBX 1,367.91. The company’s 50-day moving average price is GBX 952.70 and its 200 day moving average price is GBX 905.24.

The firm also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be issued a GBX 0.18 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, May 4th. This is a positive change from Polymetal International PLC’s previous dividend of $0.15. This represents a dividend yield of 1.54%.

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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