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

Polymetal Gets ACCA Employer Status In Recognition Of "High Standards"

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).

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