Lonmin Plc (LON:LMI) had its target price lifted by Barclays PLC from GBX 55 ($0.73) to GBX 80 ($1.06) in a report issued on Tuesday morning. The firm currently has an underweight rating on the mining company’s stock.
Several other brokerages have also recently weighed in on LMI. Liberum Capital reaffirmed a sell rating and issued a GBX 15 ($0.20) price objective on shares of Lonmin Plc in a report on Wednesday, October 18th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 110 ($1.45) price objective on shares of Lonmin Plc in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) raised Lonmin Plc to a neutral rating and set a GBX 60 ($0.79) price objective for the company in a report on Friday, June 30th. Finally, Peel Hunt raised Lonmin Plc to a hold rating and set a GBX 70 ($0.92) price objective for the company in a report on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Lonmin Plc presently has a consensus rating of Hold and an average target price of GBX 95 ($1.25).
Shares of Lonmin Plc (LMI) opened at 96.75 on Tuesday. Lonmin Plc has a 12 month low of GBX 61.50 and a 12 month high of GBX 230.25. The firm has a 50-day moving average price of GBX 79.28 and a 200-day moving average price of GBX 84.52. The company’s market capitalization is GBX 273.22 million.
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About Lonmin Plc
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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