Polymetal International (POLY) Receives “Hold” Rating from Jefferies Financial Group

Polymetal International (LON:POLY)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Wednesday, October 17th.

Several other equities research analysts also recently commented on the company. UBS Group restated a “buy” rating and set a GBX 950 ($12.41) price objective on shares of Polymetal International in a report on Tuesday, October 16th. Royal Bank of Canada upgraded Polymetal International to an “outperform” rating and boosted their price objective for the company from GBX 650 ($8.49) to GBX 800 ($10.45) in a report on Tuesday, September 18th. Numis Securities restated a “buy” rating and set a GBX 1,000 ($13.07) price objective on shares of Polymetal International in a report on Wednesday, August 22nd. Morgan Stanley decreased their price objective on Polymetal International from GBX 900 ($11.76) to GBX 800 ($10.45) and set an “equal weight” rating for the company in a report on Friday, June 29th. Finally, JPMorgan Chase & Co. upgraded Polymetal International to a “neutral” rating and boosted their price objective for the company from GBX 915 ($11.96) to GBX 940 ($12.28) in a report on Wednesday, June 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Polymetal International has a consensus rating of “Buy” and a consensus target price of GBX 916.38 ($11.97).

Shares of LON POLY traded up GBX 3.60 ($0.05) during midday trading on Wednesday, hitting GBX 716.80 ($9.37). 621,062 shares of the stock traded hands, compared to its average volume of 970,325. Polymetal International has a one year low of GBX 729.60 ($9.53) and a one year high of GBX 1,367.91 ($17.87).

About Polymetal International

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Dukat hub situated in the northeast of Magadan, Russia. The company also owns interests in various projects, including Omolon Hub, Amursk POX Hub, Albazino, Mayskoye, Okhotsk Hub, Voro, Kapan, Varvara, and Kyzyl projects.

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Analyst Recommendations for Polymetal International (LON:POLY)

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