Polymetal International (POLY) Rating Lowered to Add at Numis Securities

Polymetal International (LON:POLY) was downgraded by investment analysts at Numis Securities to an “add” rating in a research report issued on Friday. They currently have a GBX 1,000 ($13.46) price target on the mining company’s stock, down from their previous price target of GBX 1,100 ($14.80). Numis Securities’ price objective points to a potential upside of 15.74% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co lifted their price objective on Polymetal International from GBX 910 ($12.25) to GBX 920 ($12.38) and gave the company a “neutral” rating in a research note on Monday, October 23rd. Jefferies Group reaffirmed an “underperform” rating and issued a GBX 725 ($9.76) price objective on shares of Polymetal International in a research note on Thursday, October 19th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,166 ($15.69) price objective on shares of Polymetal International in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 992.63 ($13.36).

Shares of Polymetal International (POLY) opened at GBX 864 ($11.63) on Friday. Polymetal International has a one year low of GBX 747.50 ($10.06) and a one year high of GBX 1,367.91 ($18.41).

In related news, insider Vitaly Nesis bought 703 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was purchased at an average cost of GBX 811 ($10.92) per share, for a total transaction of £5,701.33 ($7,673.39).

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Polymetal International 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 (LON:POLY)

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