Polymet Mining (NYSE:PLM) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Polymet Mining (NYSE:PLM) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Polymet Mining Price Performance

PLM opened at $2.10 on Friday. Polymet Mining has a 1-year low of $0.75 and a 1-year high of $3.22. The stock has a 50 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.