Can analysts adopt a bullish outlook for Polymetal International PLC (LON:POLY)?

September 13, 2017 - By Marie Mckinney

 Can analysts adopt a bullish outlook for Polymetal International PLC (LON:POLY)?

Polymetal International PLC (LON:POLY) Ratings Coverage

Among 14 analysts covering Polymetal International PLC (LON:POLY), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Polymetal International PLC had 94 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Equal Weight” rating by Barclays Capital on Wednesday, August 26. Credit Suisse maintained the stock with “Neutral” rating in Monday, October 19 report. On Thursday, March 16 the stock rating was maintained by Goldman Sachs with “Buy”. On Thursday, May 19 the stock rating was maintained by Jefferies with “Underperform”. JP Morgan downgraded it to “Underweight” rating and GBX 980 target in Wednesday, March 29 report. The stock of Polymetal International PLC (LON:POLY) has “Hold” rating given on Monday, July 18 by Deutsche Bank. On Friday, November 18 the stock rating was maintained by Numis Securities with “Buy”. The rating was maintained by Berenberg with “Buy” on Tuesday, April 25. The stock of Polymetal International PLC (LON:POLY) earned “Underweight” rating by JP Morgan on Wednesday, May 3. The company was maintained on Thursday, August 25 by Deutsche Bank. Below is a list of Polymetal International PLC (LON:POLY) latest ratings and price target changes.

04/09/2017 Broker: JP Morgan Rating: Neutral Old Target: GBX 928.00 New Target: GBX 928.00 Upgrade
01/09/2017 Broker: JP Morgan Rating: Underweight Old Target: GBX 921.00 New Target: GBX 928.00 Maintain
31/08/2017 Broker: Jefferies Rating: Underperform Old Target: GBX 725.00 New Target: GBX 725.00 Maintain
30/08/2017 Broker: Numis Securities Rating: Add New Target: GBX 1100.00 Downgrade
29/08/2017 Broker: Panmure Gordon Rating: Buy Maintain
26/07/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain
22/06/2017 Broker: Numis Securities Rating: Add Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain
05/06/2017 Broker: JP Morgan Rating: Underweight Old Target: GBX 971.00 New Target: GBX 960.00 Maintain
19/05/2017 Broker: Berenberg Rating: Hold Old Target: GBX 960.00 New Target: GBX 1090.00 Downgrade
17/05/2017 Broker: Jefferies Rating: Underperform Maintain

The stock decreased 0.83% or GBX 7.12 on September 13, reaching GBX 851.38. About 1.17 million shares traded or 36.98% up from the average. Polymetal International PLC (LON:POLY) has 0.00% since September 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Polymetal International plc is a gold and silver mining firm operating in Russia, Kazakhstan and Armenia. The company has market cap of 3.63 billion GBP. The Firm operates through nine divisions: Voro ; Okhotsk activities (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). It has a 13.84 P/E ratio. Each segment is engaged in gold, silver or copper mining and related activities, including exploration, extraction, processing and reclamation.

Another recent and important Polymetal International PLC (LON:POLY) news was published by Seekingalpha.com which published an article titled: “High Grading At Dukat May Ding Polymetal’s Cost Advantage” on July 26, 2016.

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