Polymetal International PLC (POLY) Downgraded by Berenberg Bank

Polymetal International Says H1 Net Earnings Down 27 Pct Y/y

Polymetal International PLC (LON:POLY) was downgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Friday, May 19th, Marketbeat Ratings reports. They currently have a GBX 1,090 ($13.89) price target on the mining company’s stock, up from their prior price target of GBX 960 ($12.23). Berenberg Bank’s price objective suggests a potential upside of 20.58% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,192 ($15.19) price objective on shares of Polymetal International PLC in a research report on Wednesday, April 19th. J P Morgan Chase & Co increased their price objective on Polymetal International PLC from GBX 956 ($12.18) to GBX 971 ($12.37) and gave the stock an “underweight” rating in a research report on Tuesday, May 16th. Jefferies Group LLC restated an “underperform” rating on shares of Polymetal International PLC in a research report on Wednesday, May 17th. Royal Bank Of Canada raised their price target on Polymetal International PLC from GBX 810 ($10.32) to GBX 840 ($10.70) and gave the company a “sector performer” rating in a research report on Thursday, March 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 1,200 ($15.29) price target on shares of Polymetal International PLC in a research report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 931.33 ($11.87).

Shares of Polymetal International PLC (LON:POLY) traded up 0.77% during midday trading on Friday, hitting GBX 911.00. 287,713 shares of the stock traded hands. The company’s 50 day moving average price is GBX 997.74 and its 200-day moving average price is GBX 953.43. The stock’s market cap is GBX 3.92 billion. Polymetal International PLC has a 12-month low of GBX 723.00 and a 12-month high of GBX 1,367.91.

About Polymetal International PLC

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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