POYYF - Polymetal: Upgrading To Buy
Photo source: Polymetal
Polymetal (AUCOY, POYYF) flawlessly passed through the beginning of the pandemic without a single infected employee within the company’s assets. Therefore, investors should be satisfied with the Q2 production results, which weren't affected by the pandemic at all.
Among major Russian gold miners, I’ve been a consistent fan of Polyus (OPYGY), which has been historically undervalued compared to Polymetal with much better fundamentals. Now, valuation plays in favor of Polymetal, which has been lagging behind Polyus during the recent gold rally. To catch up with Polyus, Polymetal