RBC Capital Reaffirms Underperform Rating on Lonmin (LMI)
Lonmin (LON: LMI)‘s stock had its “underperform” rating reaffirmed by research analysts at RBC Capital in a report released on Wednesday. They currently have a $7.20 (450 GBX) target price on the stock.
Shares of Lonmin opened at 480.70 on Wednesday. Lonmin has a one year low of GBX 472.30 and a one year high of GBX 1142.00.
A number of other firms have also recently commented on LMI. 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. Separately, 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. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Lonmin in a research note to investors on Thursday, October 4th. They now have a $3.21 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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