London Mining Plc Given Average Rating of “Buy” by Analysts (LON:LOND)
Shares of London Mining Plc (LON:LOND) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the stock, Analyst RN reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 127.75 ($2.14).
A number of analysts have recently weighed in on LOND shares. 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 ($2.35) 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.
Shares of London Mining Plc (LON:LOND) opened at 34.75 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 41.30 and a 200-day moving average of GBX 59.31.
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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