Polymetal International (LON:POLY) Given New GBX 1,050 Price Target at JPMorgan Chase & Co.

Polymetal International (LON:POLY) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,060 ($13.85) to GBX 1,050 ($13.72) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.

A number of other brokerages also recently weighed in on POLY. Goldman Sachs Group cut their price objective on Polymetal International from GBX 1,310 ($17.12) to GBX 1,300 ($16.99) and set a buy rating on the stock in a research note on Tuesday, October 29th. Berenberg Bank cut their price objective on Polymetal International from GBX 1,160 ($15.16) to GBX 1,140 ($14.90) and set a hold rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada reissued an outperform rating and issued a GBX 1,400 ($18.29) price objective (up from GBX 1,200 ($15.68)) on shares of Polymetal International in a research note on Monday, October 14th. Numis Securities downgraded Polymetal International to an add rating in a research report on Thursday, October 24th. Finally, UBS Group reaffirmed a buy rating on shares of Polymetal International in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 1,200 ($15.68).

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Shares of POLY stock traded down GBX 4.50 ($0.06) during trading on Wednesday, reaching GBX 1,210 ($15.81). The company had a trading volume of 1,271,340 shares, compared to its average volume of 970,325. The firm’s 50 day simple moving average is GBX 1,182.67 and its two-hundred day simple moving average is GBX 1,011.59. The company has a debt-to-equity ratio of 116.83, a current ratio of 2.51 and a quick ratio of 0.85. Polymetal International has a one year low of GBX 697.60 ($9.12) and a one year high of GBX 1,279.50 ($16.72). The company has a market capitalization of $5.61 billion and a PE ratio of 16.92.

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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