Liberum Capital Reiterates Sell Rating for Lonmin Plc (LMI)

Liberum Capital reissued their sell rating on shares of Lonmin Plc (LON:LMI) in a report published on Wednesday, May 10th. Liberum Capital currently has a GBX 15 ($0.19) target price on the mining company’s stock.

LMI has been the subject of several other research reports. JPMorgan Chase & Co. lowered shares of Lonmin Plc to a neutral rating and cut their price target for the stock from GBX 250 ($3.23) to GBX 220 ($2.84) in a report on Friday, January 27th. Peel Hunt raised shares of Lonmin Plc to a hold rating and cut their price target for the stock from GBX 105 ($1.36) to GBX 95 ($1.23) in a report on Tuesday, March 28th. Barclays PLC reissued an underweight rating and issued a GBX 100 ($1.29) price target on shares of Lonmin Plc in a report on Wednesday, May 3rd. Finally, HSBC Holdings plc lowered their target price on shares of Lonmin Plc from GBX 116 ($1.50) to GBX 98 ($1.27) and set a reduce rating on the stock in a research note on Friday, January 27th. Seven investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Sell and a consensus target price of GBX 115.45 ($1.49).

Lonmin Plc (LON:LMI) opened at 101.25 on Wednesday. The company’s market capitalization is GBX 285.87 million. The firm has a 50-day moving average of GBX 105.56 and a 200 day moving average of GBX 135.29. Lonmin Plc has a one year low of GBX 80.50 and a one year high of GBX 252.56.

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In related news, insider Varda Shine acquired 5,646 shares of Lonmin Plc stock in a transaction that occurred on Friday, March 31st. The shares were purchased at an average cost of GBX 88 ($1.14) per share, for a total transaction of £4,968.48 ($6,413.42).

Lonmin Plc Company Profile

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.

12 Month Chart for LON:LMI

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