London Mining Plc Receives Buy Rating from Investec (LOND)
London Mining Plc (LON:LOND)‘s stock had its “buy” rating reiterated by equities researchers at Investec in a research report issued on Thursday. They currently have a GBX 57 ($0.98) target price on the stock. Investec’s price objective points to a potential upside of 18.13% from the stock’s previous close.
Shares of London Mining Plc (LON:LOND) traded down 1.52% on Thursday, hitting GBX 48.75. The stock had a trading volume of 2,899,909 shares. London Mining Plc has a 1-year low of GBX 26.75 and a 1-year high of GBX 149.75. The stock’s 50-day moving average is GBX 37.59 and its 200-day moving average is GBX 67.39.
LOND has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of London Mining Plc in a research note on Monday, July 7th. They now have a GBX 110 ($1.88) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note on Monday, June 23rd. They now have a GBX 140 ($2.40) price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of London Mining Plc from GBX 160 ($2.74) to GBX 100 ($1.71) in a research note on Friday, June 20th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 127.75 ($2.19).
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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