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

Analysts at StockNews.com assumed coverage on shares of Polymet Mining (NYSE:PLM) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Polymet Mining Stock Performance

NYSE:PLM opened at $2.10 on Wednesday. The firm’s fifty day moving average is $2.10. Polymet Mining has a fifty-two week low of $0.75 and a fifty-two week high of $3.22.

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.