Polymetal International (LON:POLY) Price Target Raised to GBX 1,840

Polymetal International (LON:POLY) had its price objective upped by Berenberg Bank from GBX 1,680 ($20.67) to GBX 1,840 ($22.64) in a report issued on Wednesday morning, Digital Look reports. They currently have a buy rating on the mining company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of Polymetal International from GBX 1,300 ($16.00) to GBX 1,600 ($19.69) and gave the company a hold rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Polymetal International from GBX 1,500 ($18.46) to GBX 1,800 ($22.15) and gave the stock an overweight rating in a research note on Thursday, April 30th. Citigroup reiterated a buy rating on shares of Polymetal International in a research report on Monday, April 27th. Royal Bank of Canada decreased their price objective on Polymetal International from GBX 1,925 ($23.69) to GBX 1,800 ($22.15) and set an outperform rating for the company in a report on Friday, May 29th. Finally, Panmure Gordon lifted their price objective on Polymetal International from GBX 1,226 ($15.09) to GBX 1,414 ($17.40) and gave the company a buy rating in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Polymetal International currently has an average rating of Buy and an average price target of GBX 1,631.75 ($20.08).

Shares of POLY opened at GBX 1,599 ($19.68) on Wednesday. Polymetal International has a 52 week low of GBX 952.60 ($11.72) and a 52 week high of GBX 1,758 ($21.63). The stock has a market cap of $7.50 billion and a price-to-earnings ratio of 15.86. The business has a 50-day simple moving average of GBX 1,559.65 and a two-hundred day simple moving average of GBX 1,406.10. The company has a quick ratio of 1.04, a current ratio of 2.76 and a debt-to-equity ratio of 90.42.

In other news, insider Italia Boninelli acquired 730 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was acquired at an average cost of GBX 1,573 ($19.36) per share, with a total value of £11,482.90 ($14,131.06). Also, insider Vitaly Nesis sold 10,000 shares of Polymetal International stock in a transaction on Friday, June 19th. The shares were sold at an average price of GBX 1,500 ($18.46), for a total value of £150,000 ($184,592.67).

About Polymetal International

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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