Polymetal International plc (LON:POLY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Polymetal International plc (LON:POLY – Get Rating) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,160 ($14.30).

Several research firms recently weighed in on POLY. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 1,450 ($17.88) price objective on shares of Polymetal International in a research note on Monday, February 14th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 300 ($3.70) price objective on shares of Polymetal International in a research note on Monday, May 9th. Citigroup reaffirmed a “buy” rating and issued a GBX 1,400 ($17.26) price objective on shares of Polymetal International in a research note on Monday, February 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 1,250 ($15.41) price objective on shares of Polymetal International in a research note on Monday, February 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “suspended” rating on shares of Polymetal International in a research note on Thursday, March 3rd.

LON:POLY traded up GBX 3 ($0.04) during trading hours on Friday, hitting GBX 238 ($2.93). The company’s stock had a trading volume of 1,191,125 shares, compared to its average volume of 5,966,912. The stock has a fifty day simple moving average of GBX 232.66 and a 200-day simple moving average of GBX 849.44. The company has a market capitalization of £1.13 billion and a P/E ratio of 1.55. The company has a debt-to-equity ratio of 95.33, a current ratio of 1.68 and a quick ratio of 0.67. Polymetal International has a twelve month low of GBX 92.02 ($1.13) and a twelve month high of GBX 1,737 ($21.42).

The company also recently declared a dividend, which will be paid on Friday, May 27th. Stockholders of record on Thursday, May 5th will be paid a dividend of $0.52 per share. This represents a dividend yield of 15.06%. This is a positive change from Polymetal International’s previous dividend of $0.45. The ex-dividend date is Thursday, May 5th. Polymetal International’s dividend payout ratio (DPR) is presently 48.80%.

About Polymetal International (Get Rating)

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. It operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. The company is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals.

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