Analyst Opinion On How To Bet On Polymet Mining Corp. (PLM), QEP Resources, Inc. (QEP)

Polymet Mining Corp. (NYSE:PLM) recently saw its volume around 0.26 million shares and on average it trades 0.28 million shares a day. The opening price of $0.74, led it to gain -4.59% to reach $0.71 upon the closing bell.

Polymet Mining Corp. (PLM) Analyst Opinion

Polymet Mining Corp. has a consensus outperform rating from 1 Wall Street analysts, and the number of shares currently sold short amount to at least 0.43% of shares outstanding. The stock spiked 6.97% last month and is down -4.88 this year. Wall Street is only getting more bullish on the stock, with 1 of analysts who cover PLM having a buy-equivalent rating. Analysts have placed a $2.5 price target on Polymet Mining Corp., suggesting a 252.11% gain from recent close. It’s currently trading about -27.22% below its 52-week high.

Polymet Mining Corp. (NYSE:PLM) Intraday View

This stock (PLM) is ahead of its 52-week low with 23.86%. Its last month’s stock price volatility remained 10.32% which for the week stands at 6.18%. The share price has moved forward from its 20 days moving average, trading at a distance of 12.41% and stays 13.88% away from its 50 days moving average. Over the last five days, shares have managed 8.62% gains and now is up 6.37% since hitting its 200-day moving average of $0.629. Polymet Mining Corp. (PLM) has made its way to a 12-month decline of -16.45%.

Turning to QEP Resources, Inc. (NYSE:QEP), its shares were trading at $9.12 a retreat of $-0.44, on the trading floor. The stock, after opening at $9.46, touched a high of $9.46 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. QEP Resources, Inc. has 7 buy ratings, 8 holds and 0 sells even after the stock tumbled -56.82% from its high of $21.12 to a $2.2 billion market value through last close.

QEP Resources, Inc. (QEP) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.05 to 2.05 during a month. Analysts set a 12-month price target of $13.8 a share. The target implies a 51.32% spike from where the shares are currently trading. Also, the current price highlights a discount of 261.84% to analysts’ high consensus price target.

QEP Resources, Inc. (NYSE:QEP) Intraday Trading

The counter witnessed a trading volume of 5.31 million shares versus an average volume of 5.57 million shares during last trading session. Its last month’s stock price volatility remained 5.66% which for the week approaches 4.68%. The lowest price the stock reached in the last trading day was $9.08 and compares with the $7.02 52-week low. The stock recovered 29.91% since its low point and has performed -50.46% year-to-date.

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