Polymetal International PLC (POLY) Rating Reiterated by Panmure Gordon

Polymetal International PLC (LON:POLY)‘s stock had its “buy” rating reissued by analysts at Panmure Gordon in a research report issued on Monday. They presently have a GBX 1,166 ($15.34) target price on the mining company’s stock. Panmure Gordon’s price objective indicates a potential upside of 29.63% from the company’s previous close.

A number of other analysts have also commented on the company. J P Morgan Chase & Co lifted their price objective on Polymetal International PLC from GBX 910 ($11.97) to GBX 920 ($12.10) and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 725 ($9.54) price objective on shares of Polymetal International PLC in a research report on Thursday, October 19th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,100 ($14.47) price objective on shares of Polymetal International PLC in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Polymetal International PLC presently has an average rating of “Hold” and an average target price of GBX 918.10 ($12.08).

Shares of Polymetal International PLC (POLY) opened at GBX 899.50 ($11.83) on Monday. Polymetal International PLC has a 12-month low of GBX 723 ($9.51) and a 12-month high of GBX 1,367.91 ($17.99).

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In related news, insider Vitaly Nesis bought 703 shares of Polymetal International PLC stock in a transaction on Tuesday, September 19th. The shares were purchased at an average price of GBX 811 ($10.67) per share, for a total transaction of £5,701.33 ($7,498.79).

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).

Analyst Recommendations for Polymetal International PLC (LON:POLY)

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