Polymetal International (LON:POLY) Given “Buy” Rating at UBS Group

Polymetal International (LON:POLY)‘s stock had its “buy” rating reiterated by equities researchers at UBS Group in a report released on Wednesday, August 28th, Digital Look reports. They presently have a GBX 1,200 ($15.68) target price on the mining company’s stock. UBS Group’s price target would indicate a potential upside of 4.30% from the stock’s current price.

Several other equities research analysts have also commented on POLY. Royal Bank of Canada lifted their price target on shares of Polymetal International from GBX 1,100 ($14.37) to GBX 1,200 ($15.68) and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Berenberg Bank boosted their target price on Polymetal International from GBX 970 ($12.67) to GBX 1,070 ($13.98) and gave the company a “hold” rating in a report on Tuesday, July 30th. Citigroup raised Polymetal International to a “buy” rating and lifted their price target for the stock from GBX 915 ($11.96) to GBX 1,060 ($13.85) in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Polymetal International from GBX 1,010 ($13.20) to GBX 980 ($12.81) and set a “neutral” rating for the company in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Polymetal International currently has a consensus rating of “Buy” and a consensus price target of GBX 1,096.67 ($14.33).

Shares of Polymetal International stock traded up GBX 19.50 ($0.25) during trading hours on Wednesday, reaching GBX 1,150.50 ($15.03). 1,298,218 shares of the company were exchanged, compared to its average volume of 970,325. Polymetal International has a 1 year low of GBX 593.80 ($7.76) and a 1 year high of GBX 1,214.19 ($15.87). The stock’s fifty day moving average is GBX 1,071.14 and its 200 day moving average is GBX 920.46. The company has a debt-to-equity ratio of 116.83, a quick ratio of 0.85 and a current ratio of 2.51. The firm has a market cap of $5.41 billion and a PE ratio of 16.09.

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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