London Mining Plc Receives Average Rating of “Buy” from Brokerages (LON:LOND)
Shares of London Mining Plc (LON:LOND) have received an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 127.75 ($2.15).
Shares of London Mining Plc (LON:LOND) traded up 2.31% during mid-day trading on Friday, hitting GBX 33.25. 783,178 shares of the company’s stock traded hands. London Mining Plc has a 52-week low of GBX 26.75 and a 52-week high of GBX 149.75. The stock has a 50-day moving average of GBX 40.57 and a 200-day moving average of GBX 60.5.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of London Mining Plc in a research note on Thursday, July 24th. They now have a GBX 100 ($1.68) 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 Thursday, July 17th. They now have a GBX 140 ($2.36) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of London Mining Plc in a research note on Thursday, July 17th. They now have a GBX 57 ($0.96) price target on the stock.
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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