Lonmin Plc (LMI) Receives Average Rating of “Sell” from Analysts
Shares of Lonmin Plc (LON:LMI) have been assigned an average recommendation of “Sell” from the sixteen research firms that are presently covering the stock. Ten analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 100.08 ($1.24).
Several equities analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 90 ($1.11) target price (down previously from GBX 110 ($1.36)) on shares of Lonmin Plc in a research note on Tuesday, October 4th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 180 ($2.23) target price on shares of Lonmin Plc in a research note on Thursday, October 6th. Royal Bank Of Canada lifted their target price on Lonmin Plc from GBX 100 ($1.24) to GBX 180 ($2.23) and gave the company an “underperform” rating in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. lifted their target price on Lonmin Plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the company a “sell” rating in a research note on Monday, August 8th. Finally, Investec lifted their target price on Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.36) and gave the company a “sell” rating in a research note on Tuesday, July 19th.
Lonmin Plc (LON:LMI) traded down 5.89% during midday trading on Thursday, hitting GBX 187.75. 1,846,021 shares of the company traded hands. Lonmin Plc has a 12-month low of GBX 35.75 and a 12-month high of GBX 464.46. The company’s market cap is GBX 407.79 million. The stock has a 50 day moving average price of GBX 202.49 and a 200-day moving average price of GBX 192.79.
Lonmin Plc Company Profile
Lonmin PLC is a producer of platinum group metals (PGMs). The Company explores, mines, refines and markets PGMs, including platinum, palladium, rhodium, iridium, ruthenium and gold. The Company’s segments include PGM Operations, Evaluation and Exploration. The PGM Operations segment consists of the operational mines and processing facilities, which are located in South Africa.
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