Peel Hunt Lowers Petropavlovsk (LON:POG) Price Target to GBX 16

Petropavlovsk (LON:POG) had its target price reduced by equities research analysts at Peel Hunt from GBX 17 ($0.22) to GBX 16 ($0.21) in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the mining company’s stock. Peel Hunt’s price target would suggest a potential upside of 55.64% from the stock’s previous close.

Several other brokerages also recently weighed in on POG. Canaccord Genuity restated a “buy” rating and set a GBX 16 ($0.21) price target on shares of Petropavlovsk in a report on Monday, October 21st. Shore Capital restated a “not rated” rating on shares of Petropavlovsk in a report on Tuesday, September 10th.

Shares of LON:POG opened at GBX 10.28 ($0.13) on Thursday. Petropavlovsk has a 1-year low of GBX 5.70 ($0.07) and a 1-year high of GBX 10.46 ($0.14). The company has a debt-to-equity ratio of 100.05, a current ratio of 0.93 and a quick ratio of 0.29. The business has a fifty day moving average price of GBX 9.77 and a 200-day moving average price of GBX 9.36. The company has a market capitalization of $340.29 million and a PE ratio of 4.28.

About Petropavlovsk

Petropavlovsk PLC operates as a gold exploration, development, and mining company in the Russian Far East. The company's principal mining assets include Pioneer, Albyn, Pokrovskiy, and Malomir located in the Amur region. It also produces silver deposits. In addition, the company provides management, finance, construction, project and engineering, research, repair and maintenance, transportation services; produces explosive materials; and operates educational institutes.

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