London Mining Plc’s Hold Rating Reaffirmed at Liberum Capital (LOND)
London Mining Plc (LON:LOND)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 35 ($0.59) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 5.17% from the company’s current price.
LOND has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. London Mining Plc presently has an average rating of “Hold” and a consensus target price of GBX 117.44 ($1.97).
London Mining Plc (LON:LOND) opened at 33.74 on Wednesday. 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 41.08 and its 200-day moving average is GBX 58.8.
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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