Lonmin Rating Reiterated by Panmure Gordon (LMI)
Lonmin (LON:LMI)‘s stock had its “buy” rating reiterated by analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday, American Banking News.com reports. They currently have a GBX 420 ($6.92) price target on the stock. Panmure Gordon’s price objective indicates a potential upside of 34.83% from the stock’s previous close.
LMI has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin in a research note to investors on Monday. They now have a GBX 380 ($6.26) price target on the stock. Separately, analysts at Avior Research upgraded shares of Lonmin to an “outperform” rating in a research note to investors on Monday, January 20th. They now have a GBX 366.97 ($6.05) price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Lonmin in a research note to investors on Thursday, January 16th. They now have a GBX 270 ($4.45) price target on the stock. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Lonmin currently has an average rating of “Hold” and a consensus target price of GBX 330.50 ($5.45).
Lonmin (LON:LMI) traded up 1.16% during mid-day trading on Tuesday, hitting GBX 315.10. The stock had a trading volume of 734,388 shares. Lonmin has a 1-year low of GBX 249.80 and a 1-year high of GBX 386.00. The stock’s 50-day moving average is GBX 303.7 and its 200-day moving average is GBX 319.. The company’s market cap is £1.794 billion.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company during the fiscal year ended September 30, 2011 (LON:LMI), were mining, refining and marketing of Platinum Group Metals (PGM).
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