Lonmin (LMI) Price Target Raised to GBX 45 at Barclays

Lonmin (LON:LMI) had its price target lifted by Barclays from GBX 40 ($0.52) to GBX 45 ($0.59) in a research note issued to investors on Friday. They currently have an underweight rating on the mining company’s stock.

Other analysts have also issued reports about the stock. Peel Hunt restated a hold rating and set a GBX 50 ($0.65) price target on shares of Lonmin in a research report on Monday, July 2nd. Liberum Capital restated a hold rating and set a GBX 50 ($0.65) price target on shares of Lonmin in a research report on Monday, July 2nd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Lonmin has an average rating of Hold and an average target price of GBX 47.75 ($0.62).

LON:LMI traded up GBX 4.26 ($0.06) during midday trading on Friday, hitting GBX 54 ($0.71). The company had a trading volume of 1,219,962 shares, compared to its average volume of 938,258. Lonmin has a 52-week low of GBX 55.75 ($0.73) and a 52-week high of GBX 120.50 ($1.57).

Lonmin Company Profile

Lonmin Plc explores, mines, refines, and markets platinum group metals in South Africa, the Americas, Asia, and Europe. The company explores for platinum, palladium, rhodium, iridium, ruthenium, and gold, as well as chrome, nickel, copper, and cobalt deposits. Its flagship property is the Marikana mine located on the Western Limb of the Bushveld igneous complex in South Africa.

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Analyst Recommendations for Lonmin (LON:LMI)

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