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OPYGY - Polyus Continues To Fire On All Cylinders But The Stock Lacks Growth Drivers
PJSC Polyus ADR
Polyus (OTCPK:OPYGY) performs expectedly great, though I can't say the same about the stock. Gold prices faced an overdue correction, taking down gold miners' stocks with it. Slow growth fears are fading away on better-than-expected U.S. economic data, so gold weakness can last at least a quarter or two until bull market euphoria will finally come to an end. Actually, this is an even better scenario for investors than just some subtle stock price growth I expected earlier. The short-term part of Polyus' investment case can be considered over, and now it's time