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).
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).
ILLEGAL ACTIVITY WARNING: This news story was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3341165/lonmin-lmi-given-sell-rating-at-citigroup-2.html.
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.
Receive News & Ratings for Lonmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonmin and related companies with MarketBeat.com's FREE daily email newsletter.