Lonmin Rating Increased to Buy at Nomura (LMI)
Lonmin (LON: LMI) was upgraded by equities research analysts at Nomura to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $13.66 (860 GBX) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Wednesday, November 7th. They now have a $7.20 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 Friday, October 26th. They now have a $9.03 price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Lonmin in a research note to investors on Thursday, October 11th. They now have a $2.32 price target on the stock.
Lonmin traded up 4.81% on Monday, hitting GBX 514.00. Lonmin has a 52-week low of GBX 426.70 and a 52-week high of GBX 1142.00. The company’s market cap is £1.042 billion.
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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