Polymetal International (LON:POLY)’s stock had its “buy” rating reissued by analysts at Citigroup in a note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a GBX 1,750 ($23.61) price target on the mining company’s stock. Citigroup’s target price points to a potential upside of 51.06% from the company’s previous close.
Several other equities research analysts have also recently weighed in on POLY. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,200 ($29.68) price target on shares of Polymetal International in a research report on Thursday, January 6th. JPMorgan Chase & Co. lowered their target price on Polymetal International from GBX 1,550 ($20.91) to GBX 1,450 ($19.56) and set an “overweight” rating for the company in a report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft cut their price target on Polymetal International from GBX 1,200 ($16.19) to GBX 1,170 ($15.79) and set a “hold” rating on the stock in a report on Tuesday, November 9th. Finally, Morgan Stanley restated an “equal weight” rating and set a GBX 1,400 ($18.89) price objective on shares of Polymetal International in a research note on Thursday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 1,620 ($21.86).
LON:POLY opened at GBX 1,158.50 ($15.63) on Tuesday. The company has a debt-to-equity ratio of 105.98, a current ratio of 2.00 and a quick ratio of 0.67. Polymetal International has a 1-year low of GBX 1,014.14 ($13.68) and a 1-year high of GBX 1,737 ($23.43). The company has a 50-day moving average of GBX 1,296.65 and a 200 day moving average of GBX 1,394.64. The firm has a market cap of £5.49 billion and a PE ratio of 6.74.
About Polymetal International
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. It is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals.