UBS Group reissued their buy rating on shares of Polymetal International (LON:POLY) in a research note issued to investors on Tuesday, www.digitallook.com reports. The brokerage currently has a GBX 950 ($12.41) price target on the mining company’s stock.
A number of other equities research analysts have also recently issued reports on POLY. JPMorgan Chase & Co. raised shares of Polymetal International to a neutral rating and upped their target price for the company from GBX 915 ($11.96) to GBX 940 ($12.28) in a report on Wednesday, June 27th. Morgan Stanley dropped their target price on shares of Polymetal International from GBX 900 ($11.76) to GBX 800 ($10.45) and set an equal weight rating on the stock in a report on Friday, June 29th. Numis Securities reaffirmed a buy rating and issued a GBX 1,000 ($13.07) target price on shares of Polymetal International in a report on Friday, July 27th. Finally, Royal Bank of Canada raised shares of Polymetal International to an outperform rating and upped their target price for the company from GBX 650 ($8.49) to GBX 800 ($10.45) in a report on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Polymetal International currently has a consensus rating of Buy and a consensus target price of GBX 919.50 ($12.01).
Shares of POLY stock opened at GBX 726.60 ($9.49) on Tuesday. Polymetal International has a 52-week low of GBX 729.60 ($9.53) and a 52-week high of GBX 1,367.91 ($17.87).
About Polymetal International
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Dukat hub situated in the northeast of Magadan, Russia. The company also owns interests in various projects, including Omolon Hub, Amursk POX Hub, Albazino, Mayskoye, Okhotsk Hub, Voro, Kapan, Varvara, and Kyzyl projects.
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