Rating Worth Mentioning Today: Berenberg Bank Reaffirmed Polymetal International (LON:POLY) As “Buy”; Has Target Price per Share Of GBX 960.00

November 29, 2016 - By Marie Mckinney

Polymetal International (LON:POLY) Rating

Polymetal International (LON:POLY) had its stock rating noted as “Buy” by analysts at Berenberg Bank. Berenberg Bank currently has a GBX 960.00 TP on the 3.24 billion GBP market cap company or 25.90% upside potential. This was revealed to clients and investors in a report on Tuesday morning.

Polymetal International PLC (LON:POLY) Ratings Coverage

Out of 12 analysts covering Polymetal International PLC (LON:POLY), 5 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 42% are positive. GBX 1550 is the highest target while GBX 315 is the lowest. The GBX 748.83 average target is -1.36% below today’s (GBX 759.16) stock price. Polymetal International PLC has been the topic of 66 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Polymetal International PLC (LON:POLY) on Monday, September 14 with “Hold” rating. The rating was maintained by Deutsche Bank on Wednesday, July 13 with “Hold”. Deutsche Bank maintained it with “Hold” rating and GBX 540 target price in Wednesday, November 18 report. Jefferies maintained the stock with “Underperform” rating in Thursday, August 25 report. Deutsche Bank maintained Polymetal International PLC (LON:POLY) on Wednesday, July 20 with “Hold” rating. Jefferies maintained the shares of POLY in a report on Wednesday, March 30 with “Underperform” rating. The stock of Polymetal International PLC (LON:POLY) has “Add” rating given on Tuesday, November 15 by Peel Hunt. Berenberg maintained Polymetal International PLC (LON:POLY) rating on Tuesday, November 29. Berenberg has “Buy” rating and GBX 960 price target. The stock of Polymetal International PLC (LON:POLY) has “Hold” rating given on Wednesday, December 16 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, March 24 by Goldman Sachs.

The stock decreased 1.34% or GBX 10.34 on November 29, hitting GBX 759.16. About 1.42M shares traded hands or 3.65% up from the average. Polymetal International PLC (LON:POLY) has risen 8.53% since May 2, 2016 and is uptrending. It has outperformed by 3.27% the S&P500.

Polymetal International plc is a precious metals mining company. The company has a market cap of 3.24 billion GBP. The Firm 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 has a 14.05 P/E ratio. It operates through eight divisions: Voro , Okhotsk activities (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).

Another recent and important Polymetal International PLC (LON:POLY) news was published by Bloomberg.com which published an article titled: “Polymetal Drops Most Since 2014 as Major Shareholders Cut Stakes” on September 23, 2016.

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