StockNews.com Initiates Coverage on Polymet Mining (NYSE:PLM)

Equities researchers at StockNews.com assumed coverage on shares of Polymet Mining (NYSE:PLM) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Polymet Mining Stock Down 0.5 %

Shares of NYSE PLM opened at $2.10 on Thursday. Polymet Mining has a twelve month low of $0.75 and a twelve month high of $3.22. The company has a fifty day moving average price of $2.10.

Polymet Mining Company Profile

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, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States.