Insider Buying: Polymetal International PLC (LON:POLY) Insider Acquires 6,500 Shares of Stock

Polymetal International PLC (LON:POLY) insider Ian Cockerill acquired 6,500 shares of the stock in a transaction dated Friday, June 7th. The shares were bought at an average price of GBX 875 ($11.43) per share, for a total transaction of £56,875 ($74,317.26).

Shares of LON:POLY opened at GBX 874.40 ($11.43) on Tuesday. The firm has a market capitalization of $4.11 billion and a P/E ratio of 11.05. Polymetal International PLC has a 52 week low of GBX 593.80 ($7.76) and a 52 week high of GBX 900 ($11.76). The company has a debt-to-equity ratio of 135.93, a quick ratio of 1.31 and a current ratio of 2.89.

Several analysts have recently weighed in on POLY shares. UBS Group restated a “buy” rating and set a GBX 1,000 ($13.07) price objective (up previously from GBX 950 ($12.41)) on shares of Polymetal International in a research report on Tuesday, February 12th. Royal Bank of Canada restated an “outperform” rating on shares of Polymetal International in a research report on Monday, March 11th. JPMorgan Chase & Co. upgraded shares of Polymetal International to a “neutral” rating and raised their price objective for the company from GBX 860 ($11.24) to GBX 880 ($11.50) in a research report on Tuesday, February 12th. Finally, Numis Securities restated a “buy” rating and set a GBX 1,050 ($13.72) price objective on shares of Polymetal International in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 940 ($12.28).

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About Polymetal International

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

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