Polymetal International PLC(POYYF)- Grey Market
  • Aug. 13, 2013, 6:40 PM
    • Even as gold mining stocks are poised for a third straight year of losses, Citi analysts say it could get worse, with companies likely to "struggle to make ends meet" after failing to pass on benefits from the past four years’ heyday in gold to shareholders.
    • Citi's gloomy view is in contrast to Marc "Dr. Doom" Faber's belief that gold miners is the one sector that should appeal to investors wanting to buy low and sell high; he likes Newmont Mining (NEM), Barrick Gold (ABX) and IAMGOLD (IAG).
    • Citi recommends investors play it safe with companies that can adapt to a lower gold-price environment, such as Buy-rated ABX and Medusa Mining (MDSMF.PK); it tags Sell ratings on Harmony Gold (HMY), African Barrick (ABGLF.PK) and Polymetal (POYYF.OB).
    • Gold mining ETFs: GDX, GDXJ, NUGT, DUST, GLDX, PSAU, GGGG, RING.
    | Aug. 13, 2013, 6:40 PM | 4 Comments
  • Jul. 5, 2013, 11:48 AM

    Nomura thinks gold prices have reached a near-term equilibrium, making it a good time to try for a bounce in gold mining stocks (GDX). As a result, its analysts upgrade Randgold (GOLD -6%) to Neutral from Reduce, African Barrick  to Buy from Reduce, and Polymetal to Buy from Neutral. But the firm doesn't expect the good times to last, as it sees sellers dominating again by Q4 and sending gold prices down.

    | Jul. 5, 2013, 11:48 AM | 3 Comments
Company Description
Polymetal International plc is a precious metals producer in Russia and Kazakhstan. With a portfolio of gold and silver producing mines and a pipeline of invested growth projects, the company sees its main strategic objective in delivering value to its shareholders through the generation of... More
Country: Russia