Lonmin Plc (LON:LMI)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 180 ($2.35) price target on the mining company’s stock. BNP Paribas’ price target would indicate a potential downside of 8.28% from the company’s current price.
A number of other analysts also recently weighed in on the company. Deutsche Bank AG restated a “sell” rating and issued a GBX 90 ($1.17) price target (down from GBX 110 ($1.44)) on shares of Lonmin Plc in a research note on Tuesday, October 4th. Barclays PLC reiterated an “underweight” rating on shares of Lonmin Plc in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. boosted their target price on Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the stock a “sell” rating in a research report on Monday, August 8th. Royal Bank Of Canada boosted their target price on Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the stock an “underperform” rating in a research report on Wednesday, August 3rd. Finally, Investec boosted their target price on Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Ten equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Sell” and an average target price of GBX 90.92 ($1.19).
Shares of Lonmin Plc (LON:LMI) opened at 197.25 on Thursday. Lonmin Plc has a 12 month low of GBX 35.75 and a 12 month high of GBX 565.80. The firm’s market capitalization is GBX 428.43 million. The company’s 50 day moving average price is GBX 204.53 and its 200-day moving average price is GBX 191.16.
About Lonmin Plc
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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