Citigroup reiterated their sell rating on shares of Lonmin (LON:LMI) in a research note published on Thursday. They currently have a GBX 56 ($0.79) price target on the mining company’s stock, down from their prior price target of GBX 95 ($1.33).
A number of other analysts have also issued reports on LMI. Peel Hunt reiterated a hold rating and set a GBX 95 ($1.33) price objective on shares of Lonmin in a research note on Monday, January 22nd. Barclays boosted their price objective on Lonmin from GBX 80 ($1.12) to GBX 85 ($1.19) and gave the company an underweight rating in a research note on Monday, January 8th. Liberum Capital reiterated a hold rating and set a GBX 75 ($1.05) price objective on shares of Lonmin in a research note on Monday, January 22nd. Finally, Deutsche Bank upgraded Lonmin to a hold rating in a research note on Monday, January 15th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 77 ($1.08).
LON:LMI opened at GBX 58.20 ($0.82) on Thursday. Lonmin has a 52-week low of GBX 55.75 ($0.78) and a 52-week high of GBX 120.50 ($1.69).
In related news, insider Mike da Costa sold 1,224 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of GBX 78 ($1.09), for a total transaction of £954.72 ($1,340.15).
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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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