Lonmin Plc Rating Increased to Conviction-Buy at Goldman Sachs (LNMIY)
Lonmin Plc (NASDAQ:LNMIY) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “conviction-buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lonmin Plc in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy”.
Shares of Lonmin Plc (NASDAQ:LNMIY) traded down 1.93% during mid-day trading on Thursday, hitting $3.59. The stock had a trading volume of 3,038 shares. Lonmin Plc has a 52 week low of $3.59 and a 52 week high of $5.60. The stock’s 50-day moving average is $3.91 and its 200-day moving average is $4.47. The company’s market cap is $2.045 billion.
Lonmin Plc is a United Kingdom-based company. The principal activities of the Company were mining, refining and marketing of Platinum Group Metals (NASDAQ:LNMIY).
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