London Mining Plc Earns Outperform Rating from Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating restated by Credit Suisse in a research note issued on Thursday. They currently have a GBX 140 ($2.34) price target on the stock. Credit Suisse’s price target points to a potential upside of 255.83% from the company’s current price.
London Mining Plc (LON:LOND) traded down 12.44% during mid-day trading on Thursday, hitting GBX 35.0235. The stock had a trading volume of 1,121,606 shares. London Mining Plc has a 52 week low of GBX 26.75 and a 52 week high of GBX 149.75. The stock’s 50-day moving average is GBX 42.02 and its 200-day moving average is GBX 56.43.
A number of other firms have also recently commented on LOND. Analysts at RBC Capital reiterated a “sector performer” rating on shares of London Mining Plc in a research note on Thursday. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of London Mining Plc in a research note on Thursday. They now have a GBX 35 ($0.59) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of London Mining Plc in a research note on Wednesday, August 13th. They now have a GBX 35 ($0.59) price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 117.44 ($1.96).
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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