Peel Hunt Reiterates “Hold” Rating for Lonmin (LMI)
Several other equities analysts have also commented on the company. Liberum Capital lowered Lonmin to a sell rating and decreased their price target for the company from GBX 75 ($1.02) to GBX 40 ($0.54) in a research note on Thursday, May 10th. Citigroup reaffirmed a sell rating and issued a GBX 56 ($0.76) price target (down previously from GBX 95 ($1.29)) on shares of Lonmin in a research note on Thursday, April 5th. Finally, Deutsche Bank raised Lonmin to a hold rating in a research note on Monday, January 15th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of Hold and a consensus target price of GBX 72 ($0.98).
Shares of Lonmin stock opened at GBX 50.55 ($0.69) on Monday. Lonmin has a 52 week low of GBX 55.75 ($0.76) and a 52 week high of GBX 120.50 ($1.63).
Lonmin Company Profile
Lonmin Plc explores, mines, refines, and markets platinum group metals in South Africa, the Americas, Asia, and Europe. The company explores for platinum, palladium, rhodium, iridium, ruthenium, and gold, as well as chrome, nickel, copper, and cobalt deposits. Its flagship property is the Marikana mine located on the Western Limb of the Bushveld igneous complex in South Africa.
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