Peel Hunt upgraded shares of Lonmin Plc (LON:LMI) to a hold rating in a research report sent to investors on Friday morning. They currently have GBX 70 ($0.94) price objective on the mining company’s stock.
A number of other equities research analysts have also recently issued reports on the company. J P Morgan Chase & Co decreased their target price on Lonmin Plc from GBX 130 ($1.75) to GBX 110 ($1.48) and set a neutral rating for the company in a research report on Monday, June 5th. Goldman Sachs Group Inc raised Lonmin Plc to a neutral rating and set a GBX 60 ($0.81) target price for the company in a research report on Friday, June 30th. HSBC Holdings plc decreased their target price on Lonmin Plc from GBX 75 ($1.01) to GBX 58 ($0.78) and set a reduce rating for the company in a research report on Monday, June 12th. Barclays PLC decreased their target price on Lonmin Plc from GBX 100 ($1.34) to GBX 55 ($0.74) and set an underweight rating for the company in a research report on Friday, July 14th. Finally, Liberum Capital reaffirmed a sell rating and set a GBX 15 ($0.20) target price on shares of Lonmin Plc in a research report on Monday, August 7th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 92.73 ($1.25).
Lonmin Plc (LMI) opened at 69.50 on Friday. The stock’s 50 day moving average is GBX 83.24 and its 200-day moving average is GBX 87.12. Lonmin Plc has a 52-week low of GBX 61.50 and a 52-week high of GBX 230.25. The firm’s market capitalization is GBX 196.27 million.
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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