Mechel PAO (NYSE:MTL) has received a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.30.
Separately, ValuEngine upgraded shares of Mechel PAO from a “sell” rating to a “hold” rating in a research report on Friday, March 13th.
An institutional investor recently raised its position in Mechel PAO stock. State Street Corp raised its position in Mechel PAO (NYSE:MTL) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 663,602 shares of the basic materials company’s stock after purchasing an additional 5,953 shares during the period. State Street Corp owned approximately 0.27% of Mechel PAO worth $1,241,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.30% of the company’s stock.
NYSE:MTL remained flat at $$1.57 on Monday. 14,732 shares of the company’s stock were exchanged, compared to its average volume of 239,921. Mechel PAO has a 52-week low of $1.28 and a 52-week high of $3.43. The stock’s fifty day simple moving average is $2.45 and its two-hundred day simple moving average is $2.21.
Mechel PAO Company Profile
Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.
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