Citigroup Reiterates Sell Rating for Lonmin (LMI)

Lonmin (LON:LMI)‘s stock had its “sell” rating restated by research analysts at Citigroup in a research report issued to clients and investors on Wednesday.

LMI has been the subject of several other research reports. Liberum Capital reissued a “hold” rating and set a GBX 75 ($1.02) price target on shares of Lonmin in a research report on Monday, January 22nd. Deutsche Bank reissued a “hold” rating on shares of Lonmin in a research report on Tuesday. Finally, Peel Hunt reissued a “hold” rating on shares of Lonmin in a research report on Monday. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 72 ($0.98).

Shares of LMI opened at GBX 49.56 ($0.67) on Wednesday. Lonmin has a twelve month low of GBX 55.75 ($0.76) and a twelve month high of GBX 120.50 ($1.63).

In related news, insider Mike da Costa sold 1,224 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of GBX 78 ($1.06), for a total transaction of £954.72 ($1,295.06).

About Lonmin

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.

Analyst Recommendations for Lonmin (LON:LMI)

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