Lonmin (LMI) Price Target Increased to GBX 55 by Analysts at Barclays
Lonmin (LON:LMI) had its target price upped by Barclays from GBX 45 ($0.59) to GBX 55 ($0.72) in a report released on Thursday. The brokerage currently has an underweight rating on the mining company’s stock.
Separately, Peel Hunt reissued a hold rating on shares of Lonmin in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 50.25 ($0.66).
LON LMI traded up GBX 1.98 ($0.03) during mid-day trading on Thursday, hitting GBX 50 ($0.65). The stock had a trading volume of 1,154,678 shares, compared to its average volume of 938,258. Lonmin has a twelve month low of GBX 55.75 ($0.73) and a twelve month high of GBX 120.50 ($1.57).
Lonmin Plc explores, mines, refines, and markets platinum group metals in South Africa, the Americas, Asia, and Europe. The company explores for platinum, palladium, rhodium, iridium, ruthenium, and gold, as well as chrome, nickel, copper, and cobalt deposits. Its flagship property is the Marikana mine located on the Western Limb of the Bushveld igneous complex in South Africa.
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