Goldman Sachs Group Inc Reaffirms Buy Rating for Polymetal International PLC (POLY)

Goldman Sachs Group Inc reissued their buy rating on shares of Polymetal International PLC (LON:POLY) in a research report released on Thursday. The firm currently has a GBX 1,100 ($13.59) price target on the mining company’s stock.

A number of other brokerages have also weighed in on POLY. Berenberg Bank reiterated a buy rating and set a GBX 960 ($11.86) price objective on shares of Polymetal International PLC in a report on Thursday, February 9th. Jefferies Group LLC lifted their price objective on shares of Polymetal International PLC from GBX 650 ($8.03) to GBX 675 ($8.34) and gave the company an underperform rating in a report on Thursday, March 16th. Panmure Gordon began coverage on shares of Polymetal International PLC in a report on Wednesday, March 15th. They set a buy rating and a GBX 1,192 ($14.72) price objective for the company. Finally, Numis Securities Ltd reiterated a buy rating on shares of Polymetal International PLC in a report on Monday, November 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 811.92 ($10.03).

Analyst Recommendations for Polymetal International PLC (LON:POLY)

Polymetal International PLC (LON:POLY) opened at 1014.00 on Thursday. Polymetal International PLC has a 12 month low of GBX 655.00 and a 12 month high of GBX 1,367.91. The company’s market cap is GBX 4.32 billion. The company’s 50-day moving average is GBX 958.31 and its 200-day moving average is GBX 902.05.

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The firm also recently announced a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 4th will be given a dividend of GBX 0.18 ($0.00) per share. This is an increase from Polymetal International PLC’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 1.54%.

Polymetal International PLC Company Profile

Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital).

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