Is polymet stock a good buy?

Polymet Mining Corp (NYSE American:PLM) The 1 analysts offering 12-month price forecasts for Polymet Mining Corp have a median target of 15.00, with a high estimate of 15.00 and a low estimate of 15.00. The median estimate represents a +390.20% increase from the last price of 3.06.

What is going on with polymet?

PolyMet’s proposed mine for copper, nickel and precious metals poses potentially more severe environmental risks than the state’s long-established iron ore mining industry, because the process used to extract the minerals from the ore can result in the contamination of nearby waterways with heavy metals and other …

Will polymet stock go up?

Given the current short-term trend, the stock is expected to rise 50.9% during the next 3 months and, with a 90% probability hold a price between $5.14 and $6.85 at the end of this 3-month period.

Will PLM go up?

Will Polymet Mining stock price grow / rise / go up? Yes. The PLM stock price can go up from 3.670 USD to 4.676 USD in one year.

What is the current status of the PolyMet mine?

Facts & Stats

Status* All major state and federal permits received including Permit to Mine, air and water permits and federal wetlands (Section 404) permit
Acreage / ownership Approximately 19,000 contiguous acres including mine and processing sites, transportation corridor, existing tailings basin and buffer

Who owns PolyMet mining company?

PolyMet is owned by Switzerland-based mining giant Glencore via its 72% stake in Toronto-based PolyMet Mining Corp. Twin Metals is owned by Antofagasta, a major mining company in Chile controlled by the Luksic family, one of Chile’s wealthiest.

How many jobs will PolyMet create?

PolyMet says it plans to directly employ 360 people at an open-pit mine near Hoyt Lakes and create more than 600 spinoff jobs.

How long will the PolyMet mine operate?

How long would the mines be in operation? PolyMet says it intends to mine for 20 years, though its permit to mine does not specify that time limit. Twin Metals planned to apply for a permit to mine for 25 years.

Where is PolyMet based?

PolyMet Mining, a Toronto-based company owned by Switzerland mining conglomerate Glencore, began the environmental review process in 2004.

What is the economic impact of PolyMet?

It will employ approximately 360 people, and according to an independent study by the University of Minnesota Duluth Labovitz School of Business and Economics, the PolyMet Mining project will generate an estimated $515 million in wages, benefits and spending for St. Louis County.

Where is the PolyMet mine?

northeastern Minnesota
The PolyMet Mine or NorthMet Mining Project is a proposed mining and processing operation in the NorthMet Deposit in northeastern Minnesota, United States, six miles (10 km) south of Babbitt, Minnesota.

What are the risks of opening the PolyMet mine?

Toxic spills and acid mine drainage kill wildlife, poison community drinking water, and pose serious health risks. River otters are at risk from the proposed PolyMet mine.

Is Polymet Mining efficiently growing its dividend?

PolyMet Mining does not have a long track record of dividend growth. In the past three months, PolyMet Mining insiders have not sold or bought any company stock. Only 3.31% of the stock of PolyMet Mining is held by institutions.

What is Polymet Mining’s stock symbol?

PolyMet Mining trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol “PLM.” Who are PolyMet Mining’s major shareholders? PolyMet Mining’s stock is owned by a number of retail and institutional investors.

What is Polymet Mining Corp’s (PLM) earnings report?

PolyMet Mining Corp. (NYSEAMERICAN:PLM) released its earnings results on Thursday, November, 4th. The basic materials company reported ($0.04) EPS for the quarter. View PolyMet Mining’s earnings history. Who are PolyMet Mining’s key executives? Who are some of PolyMet Mining’s key competitors?

Will Polymet Mining (PLM) outperform or underperform the S&P 500?

Vote “Outperform” if you believe PLM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PLM will underperform the S&P 500 over the long term. You may vote once every thirty days. PolyMet Mining does not currently pay a dividend. PolyMet Mining does not have a long track record of dividend growth.