Berenberg Bank Begins Coverage on Polymetal International (LON:POLY)

Berenberg Bank initiated coverage on shares of Polymetal International (LON:POLY) in a research report report published on Wednesday, Digital Look reports. The firm issued a hold rating and a GBX 970 ($12.67) price target on the mining company’s stock.

A number of other research firms have also recently issued reports on POLY. JPMorgan Chase & Co. lifted their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research note on Friday, July 5th. Royal Bank of Canada set a $165.00 price objective on shares of Allergan and gave the stock a hold rating in a research report on Monday, March 25th. UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the stock a hold rating in a research report on Wednesday, June 26th. Citigroup began coverage on shares of Tallgrass Energy in a research report on Tuesday, June 25th. They issued a buy rating and a $23.00 price objective for the company. Finally, Numis Securities restated a buy rating and issued a GBX 12 ($0.16) price objective on shares of Shanta Gold in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Polymetal International has a consensus rating of Buy and an average price target of GBX 1,028.33 ($13.44).

LON:POLY opened at GBX 995 ($13.00) on Wednesday. Polymetal International has a 1 year low of GBX 593.80 ($7.76) and a 1 year high of GBX 1,041 ($13.60). The firm has a 50 day moving average price of GBX 943.46. The company has a quick ratio of 1.31, a current ratio of 2.89 and a debt-to-equity ratio of 135.93. The company has a market capitalization of $4.68 billion and a PE ratio of 12.58.

In related news, insider Ian Cockerill acquired 6,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of GBX 889 ($11.62) per share, for a total transaction of £60,452 ($78,991.25).

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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