Polymetal International (POLY) Upgraded by Numis Securities to “Buy”

Numis Securities upgraded shares of Polymetal International (LON:POLY) to a buy rating in a research note published on Tuesday. Numis Securities currently has GBX 1,100 ($15.20) price target on the mining company’s stock.

A number of other research firms have also recently commented on POLY. JPMorgan Chase & Co. reduced their target price on Polymetal International from GBX 920 ($12.71) to GBX 900 ($12.43) and set a neutral rating on the stock in a research note on Thursday, January 11th. Panmure Gordon reissued a buy rating and issued a GBX 1,166 ($16.11) target price on shares of Polymetal International in a research note on Monday, November 13th. Finally, Citigroup reissued a buy rating and issued a GBX 1,000 ($13.82) target price on shares of Polymetal International in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,004.50 ($13.88).

Shares of Polymetal International (POLY) opened at GBX 786.20 ($10.86) on Tuesday. Polymetal International has a 12-month low of GBX 729.60 ($10.08) and a 12-month high of GBX 1,367.91 ($18.90). The stock has a market capitalization of $3,410.00 and a price-to-earnings ratio of 1,355.52.

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About Polymetal International

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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