Lonmin (LMI) Given “Sell” Rating at Citigroup

Citigroup reaffirmed their sell rating on shares of Lonmin (LON:LMI) in a research note published on Thursday morning. The brokerage currently has a GBX 56 ($0.79) target price on the mining company’s stock, down from their previous target price of GBX 95 ($1.33).

Other research analysts also recently issued reports about the stock. Peel Hunt upgraded shares of Lonmin to a hold rating and upped their target price for the company from GBX 60 ($0.84) to GBX 85 ($1.19) in a research report on Thursday, December 14th. Liberum Capital restated an under review rating and set a GBX 75 ($1.05) target price on shares of Lonmin in a research report on Thursday, December 14th. Barclays upped their target price on shares of Lonmin from GBX 80 ($1.12) to GBX 85 ($1.19) and gave the company an underweight rating in a research report on Monday, January 8th. Finally, Deutsche Bank upgraded shares of Lonmin to a hold rating in a research report on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Lonmin has a consensus rating of Hold and an average target price of GBX 77 ($1.08).

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LON:LMI traded down GBX 0.95 ($0.01) during mid-day trading on Thursday, reaching GBX 58.20 ($0.82). 566,762 shares of the company were exchanged, compared to its average volume of 938,258. Lonmin has a 12 month low of GBX 55.75 ($0.78) and a 12 month high of GBX 120.50 ($1.69).

In related news, insider Mike da Costa sold 1,224 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of GBX 78 ($1.09), for a total value of £954.72 ($1,340.15).

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About Lonmin

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.

Analyst Recommendations for Lonmin (LON:LMI)

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