Insider Buying: Polymetal International PLC (LON:POLY) Insider Buys 5,500 Shares of Stock

Polymetal International PLC (LON:POLY) insider Christine Coignard bought 5,500 shares of the firm’s stock in a transaction on Tuesday, July 17th. The stock was purchased at an average price of GBX 660 ($8.54) per share, for a total transaction of £36,300 ($46,990.29).

Shares of Polymetal International stock traded down GBX 15.60 ($0.20) during trading hours on Friday, hitting GBX 654.20 ($8.47). The company had a trading volume of 1,387,018 shares, compared to its average volume of 970,325. Polymetal International PLC has a twelve month low of GBX 729.60 ($9.44) and a twelve month high of GBX 1,367.91 ($17.71).

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Polymetal International to a “neutral” rating and boosted their price target for the company from GBX 915 ($11.84) to GBX 940 ($12.17) in a research note on Wednesday, June 27th. Morgan Stanley cut their target price on shares of Polymetal International from GBX 900 ($11.65) to GBX 800 ($10.36) and set an “equal weight” rating on the stock in a research note on Friday, June 29th. UBS Group reaffirmed a “buy” rating on shares of Polymetal International in a research note on Friday, July 27th. Numis Securities reaffirmed a “buy” rating and set a GBX 1,000 ($12.94) target price on shares of Polymetal International in a research note on Friday, July 27th. Finally, Royal Bank of Canada downgraded shares of Polymetal International to a “sector performer” rating and cut their target price for the stock from GBX 910 ($11.78) to GBX 650 ($8.41) in a research note on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 890.14 ($11.52).

About Polymetal International

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Dukat hub situated in the northeast of Magadan, Russia. The company also owns interests in various projects, including Omolon Hub, Amursk POX Hub, Albazino, Mayskoye, Okhotsk Hub, Voro, Kapan, Varvara, and Kyzyl projects.

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