Lonmin Plc (LMI) Rating Reiterated by Peel Hunt
Lonmin Plc (LON:LMI)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Friday. They presently have a GBX 70 ($0.92) price objective on the mining company’s stock. Peel Hunt’s price target points to a potential downside of 2.78% from the company’s current price.
Several other research analysts also recently weighed in on the stock. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 110 ($1.45) target price on shares of Lonmin Plc in a research note on Tuesday, July 18th. Liberum Capital restated a “sell” rating and issued a GBX 15 ($0.20) target price on shares of Lonmin Plc in a research note on Wednesday, October 18th. Finally, Barclays PLC decreased their target price on shares of Lonmin Plc from GBX 100 ($1.32) to GBX 55 ($0.73) and set an “underweight” rating for the company in a research note on Friday, July 14th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Lonmin Plc has an average rating of “Hold” and an average price target of GBX 95 ($1.25).
Shares of Lonmin Plc (LMI) traded down GBX 32.25 ($0.43) during mid-day trading on Friday, hitting GBX 72 ($0.95). 23,724,768 shares of the stock traded hands.
Lonmin Plc Company Profile
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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