Polymet Mining Corp (PLM)

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Polymet Mining (NYSE:PLM) was upgraded by equities research analysts at Paradigm Capital to a “buy” rating in a research note issued to investors on Thursday.

Polymet Mining (NYSE:PLM) traded up 2.46% on Thursday, hitting $1.25. The stock had a trading volume of 226,121 shares. Polymet Mining has a one year low of $0.67 and a one year high of $1.56. The stock’s 50-day moving average is $1.13 and its 200-day moving average is $1.1. The company’s market cap is $344.6 million. Polymet Mining also saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,647,280 shares, an increase of 0.2% from the July 15th total of 3,639,784 shares. Based on an average trading volume of 205,268 shares, the short-interest ratio is presently 17.8 days. Approximately 1.9% of the shares of the stock are short sold.

Separately, analysts at Roth Capital initiated coverage on shares of Polymet Mining in a research note on Tuesday, August 5th. They set a “buy” rating and a $2.25 price target on the stock.

PolyMet Mining Corp. (NYSE:PLM) is a development-stage company engaged in the exploration and development of natural resource properties.