Is Selling Polymetal International PLC Here a Winning Strategy?

 Is Selling Polymetal International PLC Here a Winning Strategy?

The stock of Polymetal International PLC (LON:POLY) is a huge mover today! The stock decreased 0.53% or GBX 3.94 on November 24, hitting GBX 737.06. About 1.02M shares traded hands. Polymetal International PLC (LON:POLY) has risen 6.38% since April 28, 2016 and is uptrending. It has outperformed by 0.97% the S&P500.
The move comes after 5 months negative chart setup for the GBX 3.17 billion company. It was reported on Nov, 24 by Barchart.com. We have GBX 670.72 PT which if reached, will make LON:POLY worth GBX 285.30M less.

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. Polymetal International PLC has been the topic of 65 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies with “Underperform” on Thursday, August 25. As per Tuesday, November 15, the company rating was maintained by Jefferies. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, September 7 report. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, August 26. The firm earned “Neutral” rating on Monday, October 19 by Credit Suisse. Credit Suisse maintained the shares of POLY in a report on Friday, July 1 with “Neutral” rating. The stock has “Hold” rating given by Deutsche Bank on Monday, October 5. The stock of Polymetal International PLC (LON:POLY) earned “Neutral” rating by UBS on Friday, October 9. The stock has “Hold” rating given by Deutsche Bank on Friday, January 22. As per Friday, June 24, the company rating was maintained by Deutsche Bank.

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.

Polymetal International plc is a precious metals mining company. The company has a market cap of 3.17 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 13.58 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).

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