Mechel PAO (NYSE:MTL)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a $13.50 target price on the basic materials company’s stock. Canaccord Genuity’s price target indicates a potential upside of 494.71% from the company’s previous close.

Separately, Citigroup raised Mechel PAO from a “sell” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $3.00 in a research report on Wednesday, September 19th.

Shares of NYSE:MTL traded up $0.10 during midday trading on Thursday, hitting $2.27. The company’s stock had a trading volume of 85,095 shares, compared to its average volume of 54,612. Mechel PAO has a fifty-two week low of $1.95 and a fifty-two week high of $5.46.

Large investors have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Mechel PAO by 12.2% in the second quarter. Northern Trust Corp now owns 492,494 shares of the basic materials company’s stock valued at $1,541,000 after purchasing an additional 53,621 shares during the last quarter. BlackRock Inc. grew its position in shares of Mechel PAO by 18.9% in the second quarter. BlackRock Inc. now owns 1,709,611 shares of the basic materials company’s stock valued at $5,350,000 after purchasing an additional 271,583 shares during the last quarter. U S Global Investors Inc grew its position in shares of Mechel PAO by 69.6% in the third quarter. U S Global Investors Inc now owns 78,000 shares of the basic materials company’s stock valued at $246,000 after purchasing an additional 32,000 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Mechel PAO by 57.2% in the third quarter. Pictet Asset Management Ltd. now owns 85,500 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 31,098 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Mechel PAO by 755.0% during the third quarter. Jane Street Group LLC now owns 85,711 shares of the basic materials company’s stock worth $271,000 after buying an additional 75,686 shares in the last quarter. 5.37% of the stock is currently owned by institutional investors.

About Mechel PAO

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.

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