PolyMet Mining (NYSEAMERICAN:PLM) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of PolyMet Mining (NYSEAMERICAN:PLMGet Free Report) (TSE:POM) in a research note issued to investors on Friday. The firm set a “hold” rating on the basic materials company’s stock.

PolyMet Mining Price Performance

Shares of NYSEAMERICAN PLM opened at $2.09 on Friday. PolyMet Mining has a fifty-two week low of $0.75 and a fifty-two week high of $3.43. The firm has a market cap of $405.41 million, a price-to-earnings ratio of -9.06 and a beta of 0.55. The stock’s 50-day simple moving average is $2.03.

PolyMet Mining (NYSEAMERICAN:PLMGet Free Report) (TSE:POM) last released its quarterly earnings results on Thursday, August 10th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of PolyMet Mining by 27.4% in the 4th quarter. JPMorgan Chase & Co. now owns 19,904 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 4,279 shares during the last quarter. UBS Group AG grew its stake in shares of PolyMet Mining by 70.1% in the 3rd quarter. UBS Group AG now owns 10,704 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 4,410 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of PolyMet Mining by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 131,643 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 4,636 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of PolyMet Mining by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 66,038 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 4,854 shares during the last quarter. Finally, USAdvisors Wealth Management LLC grew its stake in shares of PolyMet Mining by 10.9% in the 1st quarter. USAdvisors Wealth Management LLC now owns 50,822 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 4,980 shares during the last quarter. Hedge funds and other institutional investors own 3.09% of the company’s stock.

PolyMet Mining Company Profile

(Get Free Report)

PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc, engages in the exploration and development of natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, platinum, palladium, gold, and silver mineralization covering an area of approximately 5,980 acres located in northeastern Minnesota, the United States.

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