- Looking to buy Polymetal International shares for exposure to the mining sector?
- Find out where you can buy their shares and more about different order types.
- Find out how to monitor what is happening within the precious metals industry and what could impact their share price.
Polymetal International (LON: POLY) is an Anglo-Russian precious metal mining company with operations in Russia, Kazakhstan, and Armenia. It is the world’s 3rd largest primary silver producer and also owns gold mines.
Keep reading to get our complete guide to buying shares in Polymetal International.
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Step 1: Choose a broker
Polymetal International is listed on the London Stock Exchange, which all the brokers listed on this guide have access to.
When comparing brokers, check what commission and foreign exchange fee they charge. Also look for features like what markets they have access to, what tradable instruments are available, and whether or not they have fractional share investment, etc.
Step 2: Deposit funds into your account
You can deposit funds into your account via a bank transfer, or with a debit card. Some brokers can accept credit cards.
Step 3: Choose how much to invest
The value of a share fluctuates with the company’s performance, the market, and events. In the case of Polymetal International, sanctions on Russia may also have an impact.
With this in mind, invest wisely and only do so with money you can afford to lose.
Step 4: Choose shares or ETFs
ETFs (Exchange Traded Funds) are a way to spread your risk since they are a type of diversified investment.
ETFs with exposure to Polymetal International include Global X Silver Miners ETF (SIL), iShares Core MSCI Emerging Markets ETF (IEMG), VanEck Vectors Russia ETF (RSX), and Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU).
Step 5: Set up an order
Depending on your broker, it may be possible to configure an order to buy or sell at a certain price. If you are looking to buy into a position, you could consider setting up a recurring order to buy more shares at regular intervals, e.g. once a month.
Announcements to the market and the publication of their financial results can move their share price. As is the case with any miner, the discovery of new deposits can also boost their value. Being an Anglo-Russian company, Polymetal can get caught up in international sanctions and trade disputes between Russia and the Western powers, which can be a significant headwind.
Keep track of what they and other mining companies are doing. Polymetal International’s main competitors include KAZ Minerals (KAZ), Sol Gold (SOLG), Hochschild Mining (HOC), Fresnillo (LON: FRES), KGHM (WSE: KGH), and Glencore (LON: GLEN).
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