Lonmin (LON:LMI) had its price objective raised by stock analysts at Peel Hunt from GBX 85 ($1.19) to GBX 95 ($1.33) in a research note issued to investors on Wednesday, January 10th. The firm presently has a “hold” rating on the mining company’s stock. Peel Hunt’s target price suggests a potential upside of 30.40% from the company’s current price.
A number of other research firms have also weighed in on LMI. Shore Capital Group reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Barclays boosted their price objective on shares of Lonmin from GBX 80 ($1.12) to GBX 85 ($1.19) and gave the company an “underweight” rating in a research report on Monday, January 8th. Liberum Capital reissued an “under review” rating and issued a GBX 75 ($1.05) price objective on shares of Lonmin in a research report on Thursday, December 14th. Finally, Shore Capital reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 83.50 ($1.17).
Shares of Lonmin (LMI) traded up GBX 2.05 ($0.03) during midday trading on Wednesday, hitting GBX 72.85 ($1.02). 473,554 shares of the company’s stock traded hands, compared to its average volume of 947,751. Lonmin has a 12 month low of GBX 55.75 ($0.78) and a 12 month high of GBX 141.50 ($1.98). The stock has a market capitalization of $206.01 and a P/E ratio of -29.49.
COPYRIGHT VIOLATION WARNING: “Lonmin (LMI) Given New GBX 95 Price Target at Peel Hunt” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/05/lonmin-lmi-price-target-increased-to-gbx-95-by-analysts-at-peel-hunt.html.
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.
Receive News & Ratings for Lonmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonmin and related companies with MarketBeat.com's FREE daily email newsletter.