Investec Begins Coverage on Lonmin PLC (LNMIY)
Investment analysts at Investec initiated coverage on shares of Lonmin PLC (OTCMKTS:LNMIY) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.
Separately, Goldman Sachs Group, Inc. (The) raised Lonmin PLC from a “sell” rating to a “neutral” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Lonmin PLC currently has an average rating of “Sell”.
Shares of Lonmin PLC (LNMIY) remained flat at $1.13 during mid-day trading on Tuesday. The company’s 50 day moving average price is $1.05 and its 200 day moving average price is $1.12. Lonmin PLC has a 1-year low of $0.81 and a 1-year high of $2.85. The stock’s market capitalization is $319.11 million.
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About Lonmin PLC
Lonmin Plc is a producer of platinum group metals (PGMs). The Company is engaged in the discovery, extraction, refining and marketing of PGMs. The Company’s segments include PGM Operations, Evaluation, Exploration and Other. Its geographical segments include The Americas, Asia, Europe and South Africa.
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