Lonmin (LON:LMI) had its price target increased by Peel Hunt from GBX 85 ($1.15) to GBX 95 ($1.29) in a report published on Wednesday. The firm currently has a hold rating on the mining company’s stock.
A number of other brokerages have also recently commented on LMI. Barclays increased their price target on Lonmin from GBX 55 ($0.75) to GBX 80 ($1.08) and gave the company an underweight rating in a research note on Tuesday, October 24th. Shore Capital reiterated a not rated rating on shares of Lonmin in a research note on Friday, November 3rd. Liberum Capital restated a sell rating and issued a GBX 15 ($0.20) price objective on shares of Lonmin in a report on Wednesday, October 18th. Finally, Shore Capital Group restated a not rated rating on shares of Lonmin in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 83.50 ($1.13).
Lonmin (LON LMI) opened at GBX 87.85 ($1.19) on Wednesday. Lonmin has a 12 month low of GBX 55.75 ($0.76) and a 12 month high of GBX 186.75 ($2.53). The company has a market capitalization of $247.86 and a price-to-earnings ratio of -64.60.
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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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