UBS Group Reiterates “Buy” Rating for Polymetal International (POLY)

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UBS Group reissued their buy rating on shares of Polymetal International (LON:POLY) in a research report report published on Tuesday, October 16th, www.digitallook.com reports. The firm currently has a GBX 950 ($12.41) target price on the mining company’s stock.

A number of other research analysts also recently commented on POLY. Numis Securities reissued a buy rating and issued a GBX 1,000 ($13.07) price target on shares of Polymetal International in a report on Friday, July 27th. Morgan Stanley reduced their price target on Polymetal International from GBX 900 ($11.76) to GBX 800 ($10.45) and set an equal weight rating for the company in a report on Friday, June 29th. JPMorgan Chase & Co. raised Polymetal International to a neutral rating and increased their price target for the company from GBX 915 ($11.96) to GBX 940 ($12.28) in a report on Wednesday, June 27th. Finally, Royal Bank of Canada raised Polymetal International to an outperform rating and increased their price target for the company from GBX 650 ($8.49) to GBX 800 ($10.45) in a report on Tuesday, September 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 916.38 ($11.97).

LON:POLY traded down GBX 14.60 ($0.19) on Tuesday, hitting GBX 712 ($9.30). 1,387,439 shares of the stock were exchanged, compared to its average volume of 970,325. Polymetal International has a fifty-two week low of GBX 729.60 ($9.53) and a fifty-two week high of GBX 1,367.91 ($17.87).

Polymetal International Company Profile

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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Analyst Recommendations for Polymetal International (LON:POLY)

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