UBS Group Reaffirms Buy Rating for Polymetal International (LON:POLY)

UBS Group restated their buy rating on shares of Polymetal International (LON:POLY) in a research report report published on Wednesday, June 26th, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 1,080 ($14.11) target price on the mining company’s stock, up from their previous target price of GBX 1,000 ($13.07).

Several other equities analysts have also commented on POLY. Citigroup initiated coverage on shares of Tallgrass Energy in a research report on Tuesday, June 25th. They set a buy rating and a $23.00 price objective for the company. Royal Bank of Canada set a $165.00 target price on shares of Allergan and gave the stock a hold rating in a report on Monday, March 25th. JPMorgan Chase & Co. lowered shares of Engie to a hold rating in a report on Wednesday, April 10th. Finally, Numis Securities restated a buy rating and issued a GBX 12 ($0.16) target price on shares of Shanta Gold in a 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. The company has a consensus rating of Buy and a consensus price target of GBX 1,028.33 ($13.44).

POLY stock traded down GBX 12.60 ($0.16) during trading on Wednesday, hitting GBX 988.40 ($12.92). 1,250,712 shares of the company’s stock traded hands, compared to its average volume of 970,325. Polymetal International has a 52 week low of GBX 593.80 ($7.76) and a 52 week high of GBX 1,041 ($13.60). The company has a debt-to-equity ratio of 135.93, a current ratio of 2.89 and a quick ratio of 1.31. The firm has a fifty day simple moving average of GBX 936.73. The firm has a market capitalization of $4.65 billion and a PE ratio of 12.50.

In other Polymetal International news, insider Ian Cockerill bought 6,800 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of GBX 889 ($11.62) per share, with a total value 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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