Polymetal International PLC (POLY) Stock Rating Reaffirmed by Goldman Sachs Group Inc
Goldman Sachs Group Inc reiterated their buy rating on shares of Polymetal International PLC (LON:POLY) in a research note released on Monday, April 24th. The brokerage currently has a GBX 1,200 ($15.49) price objective on the mining company’s stock.
POLY has been the subject of several other reports. Jefferies Group LLC reaffirmed an underperform rating and issued a GBX 650 ($8.39) target price on shares of Polymetal International PLC in a research report on Monday, February 6th. Berenberg Bank restated a buy rating and issued a GBX 960 ($12.40) target price on shares of Polymetal International PLC in a research note on Thursday, February 9th. Citigroup Inc lowered their target price on Polymetal International PLC from GBX 1,014 ($13.09) to GBX 1,000 ($12.91) and set a neutral rating for the company in a research note on Friday, March 17th. Panmure Gordon began coverage on Polymetal International PLC in a research note on Wednesday, March 15th. They issued a buy rating and a GBX 1,192 ($15.39) target price for the company. Finally, JPMorgan Chase & Co. restated an underweight rating and issued a GBX 980 ($12.65) target price on shares of Polymetal International PLC in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Polymetal International PLC currently has an average rating of Hold and a consensus target price of GBX 847.42 ($10.94).
Polymetal International PLC (LON:POLY) traded up 2.96% during mid-day trading on Monday, hitting GBX 992.00. 1,059,775 shares of the stock traded hands. The firm’s 50-day moving average is GBX 1,027.20 and its 200-day moving average is GBX 914.93. Polymetal International PLC has a 12-month low of GBX 667.00 and a 12-month high of GBX 1,367.91.
The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be given a dividend of €0.18 ($0.20) per share. This is a positive change from Polymetal International PLC’s previous dividend of $0.15. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 4th.
Polymetal International PLC Company Profile
Polymetal International plc is a gold and silver mining company operating in Russia, Kazakhstan and Armenia. The Company operates through nine segments: Voro (CJSC Gold of Northern Urals); Okhotsk operations (LLC Okhotskaya Mining and Exploration Company and Svetloye LLC); Dukat (JSC Magadan Silver); Omolon (Omolon Gold Mining Company LLC); Varvara (JSC Varvarinskoye; JSC Komarovskoye Mining Company); Amursk/Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC); Mayskoye (Mayskoye Gold Mining Company LLC); Kyzyl (Bakyrchik Mining Venture LLP and Inter Gold Capital LLP), and Armenia (Kapan MPC CJSC and LV Gold Mining CJSC).