Polymetal International (LON:POLY) PT Raised to GBX 1,150

Polymetal International (LON:POLY) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) in a research note issued to investors on Tuesday, Digital Look reports. The brokerage presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 1.67% from the company’s current price.

Several other research firms also recently commented on POLY. Shore Capital reaffirmed a “not rated” rating on shares of Polymetal International in a research note on Tuesday, October 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 ($18.29) price objective (up previously from GBX 1,200 ($15.68)) on shares of Polymetal International in a research note on Monday, October 14th. Goldman Sachs Group decreased their price objective on Polymetal International from GBX 1,310 ($17.12) to GBX 1,300 ($16.99) and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Berenberg Bank decreased their price objective on Polymetal International from GBX 1,160 ($15.16) to GBX 1,140 ($14.90) and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Numis Securities downgraded Polymetal International to an “add” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 1,214.29 ($15.87).

Shares of LON POLY traded down GBX 7.50 ($0.10) during trading on Tuesday, hitting GBX 1,169.50 ($15.28). The company had a trading volume of 1,553,435 shares, compared to its average volume of 970,325. The stock has a 50 day simple moving average of GBX 1,186.31 and a 200 day simple moving average of GBX 1,022.73. The company has a debt-to-equity ratio of 116.83, a quick ratio of 0.85 and a current ratio of 2.51. Polymetal International has a 12 month low of GBX 697.80 ($9.12) and a 12 month high of GBX 1,283 ($16.76). The firm has a market capitalization of $5.50 billion and a P/E ratio of 16.36.

Polymetal International Company Profile

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates in four segments: Magadan, Ural, Khabarovsk, and Kazakhstan. It is involved in the exploration, extraction, processing, reclamation, and other related activities of gold, silver, copper, zinc, and platinum group metals.

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Analyst Recommendations for Polymetal International (LON:POLY)

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