AlphaValue Reaffirms Buy Rating on Lonmin (LMI)
Lonmin traded up 3.45% on Monday, hitting GBX 616.56. Lonmin has a 52-week low of GBX 525.50 and a 52-week high of GBX 1238.00. The company’s market cap is £1.250 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale upgraded shares of Lonmin to a “sell” rating in a research note to investors on Tuesday, September 4th. They now have a $2.30 price target on the stock. Separately, analysts at Exane BNP Paribas reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Thursday, August 30th. They now have a $9.84 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Lonmin to a “sell” rating in a research note to investors on Monday, August 20th. They now have a $7.46 price target on the stock.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company during the fiscal year ended September 30, 2011 (fiscal 2011), were mining, refining and marketing of Platinum Group Metals (PGM).
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