Polymetal International PLC (POLY) Given Average Recommendation of “Hold” by Analysts

Polymetal Can Consolidate The Nezhdaninskoye Gold Field

Polymetal International PLC (LON:POLY) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 883 ($10.96).

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Polymetal International PLC from GBX 810 ($10.06) to GBX 840 ($10.43) and gave the company a “sector performer” rating in a report on Thursday, March 16th. JPMorgan Chase & Co. downgraded Polymetal International PLC to an “underweight” rating and raised their price objective for the company from GBX 680 ($8.44) to GBX 980 ($12.17) in a report on Wednesday, March 29th. Jefferies Group LLC raised their price objective on Polymetal International PLC from GBX 650 ($8.07) to GBX 675 ($8.38) and gave the company an “underperform” rating in a report on Thursday, March 16th. Goldman Sachs Group Inc reissued a “buy” rating and set a GBX 1,100 ($13.66) price objective on shares of Polymetal International PLC in a report on Thursday, March 16th. Finally, Panmure Gordon assumed coverage on Polymetal International PLC in a report on Wednesday, March 15th. They set a “buy” rating and a GBX 1,192 ($14.80) price objective on the stock.

Shares of Polymetal International PLC (LON:POLY) traded up 0.4377% on Tuesday, reaching GBX 1079.7053. The company’s stock had a trading volume of 757,104 shares. The company’s 50 day moving average is GBX 993.22 and its 200-day moving average is GBX 903.48. The firm’s market cap is GBX 4.64 billion. Polymetal International PLC has a 1-year low of GBX 665.00 and a 1-year high of GBX 1,367.91.

The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 4th will be issued a dividend of €0.18 ($0.19) per share. This is an increase from Polymetal International PLC’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, May 4th. 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).