Lonmin Stock Rating Upgraded by RBC Capital (LMI)
Lonmin (LON:LMI) was upgraded by research analysts at RBC Capital to an “outperform” rating in a report released on Thursday, Analyst Ratings News reports. The firm currently has a GBX 370 ($6.08) price target on the stock. RBC Capital’s price target would suggest a potential upside of 19.82% from the company’s current price.
Shares of Lonmin (LON:LMI) traded up 2.49% during mid-day trading on Thursday, hitting GBX 308.80. The stock had a trading volume of 1,375,116 shares. Lonmin has a one year low of GBX 249.80 and a one year high of GBX 382.80. The stock has a 50-day moving average of GBX 306.1 and a 200-day moving average of GBX 320.6. The company’s market cap is £1.758 billion.
A number of other analysts have also recently weighed in on LMI. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lonmin in a research note to investors on Friday, January 31st. They now have a GBX 460 ($7.56) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Friday, January 31st. They now have a GBX 280 ($4.60) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Lonmin in a research note to investors on Thursday, January 30th. They now have a GBX 300 ($4.93) price target on the stock. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Lonmin currently has an average rating of “Hold” and an average target price of GBX 335.71 ($5.52).
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company were mining, refining and marketing of Platinum Group Metals (LON:LMI).
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