Lonmin (LMI) PT Raised to GBX 85
Lonmin (LON:LMI) had its price target raised by Barclays from GBX 80 ($1.08) to GBX 85 ($1.15) in a research report report published on Monday morning. Barclays currently has an underweight rating on the mining company’s stock.
Several other research analysts have also recently commented on the stock. Peel Hunt reiterated a hold rating and issued a GBX 85 ($1.15) target price on shares of Lonmin in a report on Wednesday, December 20th. Liberum Capital reiterated an under review rating and issued a GBX 75 ($1.02) target price on shares of Lonmin in a report on Thursday, December 14th. Shore Capital Group reiterated a not rated rating on shares of Lonmin in a report on Friday, November 3rd. Finally, Shore Capital reiterated a not rated rating on shares of Lonmin in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 82.25 ($1.12).
Shares of Lonmin (LON LMI) traded up GBX 3.80 ($0.05) on Monday, hitting GBX 87.05 ($1.18). 1,208,610 shares of the company’s stock traded hands, compared to its average volume of 1,980,000. Lonmin has a one year low of GBX 55.75 ($0.76) and a one year high of GBX 186.75 ($2.53). The firm has a market capitalization of $246.20 and a PE ratio of -64.01.
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Lonmin Plc is a producer of platinum group metals (PGMs). The Company is engaged in the discovery, extraction, refining and marketing of PGMs. The Company’s segments include PGM Operations, Evaluation, Exploration and Other. Its geographical segments include The Americas, Asia, Europe and South Africa.
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