Panmure Gordon Begins Coverage on Polymetal International PLC (POLY)

Polymetal International PLC (POLY) Stock Rating Reaffirmed by Goldman Sachs Group Inc

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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