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Equities researchers at Investec dropped their price target on shares of London Mining Plc (LON:LOND) from GBX 113 ($1.92) to GBX 57 ($0.97) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 100.00% from the company’s current price.

Shares of London Mining Plc (LON:LOND) opened at 28.00 on Friday. London Mining Plc has a one year low of GBX 26.75 and a one year high of GBX 149.75. The stock has a 50-day moving average of GBX 44.39 and a 200-day moving average of GBX 76.46.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of London Mining Plc in a research note on Friday, May 30th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note on Monday, May 12th. They now have a GBX 140 ($2.38) price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 135.25 ($2.30).

London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia.

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