Mechel PAO (MTL) Receives Consensus Recommendation of “Hold” from Brokerages

Mechel PAO (NYSE:MTL) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus target price of $2.70 for the company, according to Zacks. Zacks has also assigned Mechel PAO an industry rank of 85 out of 255 based on the ratings given to its competitors.

Separately, Canaccord Genuity reaffirmed a “hold” rating and issued a $13.50 price target on shares of Mechel PAO in a report on Thursday, January 10th.

Shares of NYSE MTL traded up $0.02 on Friday, hitting $2.10. The company’s stock had a trading volume of 2,439 shares, compared to its average volume of 149,818. Mechel PAO has a 12-month low of $1.95 and a 12-month high of $4.72.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in shares of Mechel PAO during the fourth quarter valued at approximately $25,000. HRT Financial LLC purchased a new position in shares of Mechel PAO during the fourth quarter valued at approximately $38,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Mechel PAO during the fourth quarter valued at approximately $104,000. Pictet Asset Management Ltd. lifted its stake in shares of Mechel PAO by 57.2% during the third quarter. Pictet Asset Management Ltd. now owns 85,500 shares of the basic materials company’s stock valued at $136,000 after buying an additional 31,098 shares during the period. Finally, U S Global Investors Inc lifted its stake in shares of Mechel PAO by 69.6% during the third quarter. U S Global Investors Inc now owns 78,000 shares of the basic materials company’s stock valued at $246,000 after buying an additional 32,000 shares during the period. 5.38% of the stock is currently owned by institutional investors and hedge funds.

About Mechel PAO

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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