Polymetal International (POLY.L) 03-04-20
Polymetal International (POLY.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?
- Now trading at 1390p (at time of writing), momentum has been robust.
- Will it end, or is this trend your friend?
- Is this the opportunity for momentum traders?
- Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
- Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
- Shares -0% from 12-month highs; +79% from 12 month lows.
Latest News
31 Mar: Polymetal International, the mining business, announced that it had reached a gold concentrate sales and strategic agreement with Blackham Resources, the Australian gold mining company .
27 Mar: UBS reiterates its buy rating on Polymetal International (POLY) and increased the target price to 1500p (from 1400p).
25 Mar: Berenberg reiterates its buy rating on Polymetal International (POLY) and increased the target price to 1570p (from 1420p).
13 Mar: Vitaly Nesis, Chief Executive Officer, has transferred in 11,047 shares within the firm on the 12th March 2020. This Director currently has 3,284,277 shares.
11 Mar: JP Morgan Cazenove has upgraded its rating on Polymetal International (POLY) up to overweight (from neutral) and increased the target price to 1500p (from 1290p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires