The stock of Petropavlovsk PLC (LON:POG) hit a new 52-week high and has GBX 14.14 target or 71.00% above today’s GBX 8.27 share price. The 6 months bullish chart indicates low risk for the GBX 273.64 million company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 14.14 price target is reached, the company will be worth GBX 194.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.59% or GBX 0.22 on November 10, hitting GBX 8.27. About 2.38 million shares traded hands. Petropavlovsk PLC (LON:POG) has risen 17.92% since April 12, 2016 and is uptrending. It has outperformed by 12.27% the S&P500.
Petropavlovsk PLC (LON:POG) Ratings Coverage
Out of 6 analysts covering Petropavlovsk PLC (LON:POG), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. GBX 12 is the highest target while GBX 4.7 is the lowest. The GBX 7.14 average target is -13.66% below today’s (GBX 8.27) stock price. Petropavlovsk PLC has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, June 14 by Beaufort Securities. Citigroup maintained the shares of POG in a report on Wednesday, July 22 with “Sell” rating. The stock has “Buy” rating given by SP Angel on Tuesday, September 15. The company was upgraded on Tuesday, November 10 by SP Angel. The firm earned “Buy” rating on Thursday, August 27 by SP Angel. The stock has “Neutral” rating given by Bank of America on Wednesday, November 25. The rating was maintained by SP Angel with “Buy” on Friday, August 14. The firm has “Speculative Buy” rating given on Monday, January 25 by Canaccord Genuity. The company was maintained on Tuesday, October 20 by Canaccord Genuity. BCS maintained the stock with “Sell” rating in Wednesday, September 2 report.
More news for Petropavlovsk PLC (LON:POG) were recently published by: Uk.Finance.Yahoo.com, which released: “Petropavlovsk PLC (POG.L)” on March 29, 2014. Fool.Co.Uk‘s article titled: “3 stocks that could double: Petropavlovsk plc, Enquest plc and Fenner plc” and published on May 18, 2016 is yet another important article.
Petropavlovsk PLC is a gold mining company. The company has a market cap of 273.64 million GBP. The Firm operates gold mines in Russia. It currently has negative earnings. The Company’s divisions include Pioneer, Pokrovskiy, Malomir and Albyn hard-rock gold mines, and Corporate and other segment.
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