Lonmin (LMI) Given Sell Rating at Citigroup

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

Several other equities analysts have also commented on the stock. Liberum Capital restated a hold rating and set a GBX 75 ($1.05) price target on shares of Lonmin in a research report on Monday, January 22nd. Peel Hunt reaffirmed a hold rating and issued a GBX 95 ($1.33) price objective on shares of Lonmin in a report on Monday, January 22nd. Deutsche Bank raised shares of Lonmin to a hold rating in a report on Monday, January 15th. Finally, Barclays upped their price objective on shares of Lonmin from GBX 80 ($1.12) to GBX 85 ($1.19) and gave the stock an underweight rating in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 77 ($1.08).

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Lonmin stock opened at GBX 58.20 ($0.82) on Thursday. Lonmin has a one year low of GBX 55.75 ($0.78) and a one year high of GBX 120.50 ($1.69).

In related news, insider Mike da Costa sold 1,224 shares of the company’s stock in a transaction dated 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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