Lonmin (LMI) Upgraded to Hold at Deutsche Bank
Lonmin (LON:LMI) was upgraded by investment analysts at Deutsche Bank to a “hold” rating in a report released on Monday.
Several other research analysts have also recently issued reports on the company. Peel Hunt upped their price objective on Lonmin from GBX 85 ($1.15) to GBX 95 ($1.29) and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Barclays upped their price objective on Lonmin from GBX 80 ($1.08) to GBX 85 ($1.15) and gave the stock an “underweight” rating in a research report on Monday, January 8th. Liberum Capital reissued an “under review” rating and issued a GBX 75 ($1.02) target price on shares of Lonmin in a research report on Thursday, December 14th. Shore Capital Group reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Finally, Shore Capital reissued a “not rated” rating on shares of Lonmin in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Lonmin presently has a consensus rating of “Hold” and a consensus price target of GBX 83.50 ($1.13).
Lonmin (LON LMI) traded up GBX 1.55 ($0.02) during trading hours on Monday, hitting GBX 89.40 ($1.21). The stock had a trading volume of 886,564 shares, compared to its average volume of 1,800,000. The firm has a market cap of $248.20 and a PE ratio of -66.72. Lonmin has a twelve month low of GBX 55.75 ($0.76) and a twelve month high of GBX 186.75 ($2.53).
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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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