Lonmin Plc (LNMIY) Receives Sell Rating from Deutsche Bank AG
Lonmin Plc (NASDAQ:LNMIY)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank AG in a research note issued on Tuesday.
Separately, Zacks Investment Research downgraded Lonmin Plc from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
Lonmin Plc (NASDAQ:LNMIY) traded down 7.64% during midday trading on Tuesday, hitting $2.54. The stock had a trading volume of 2,055 shares. The company’s 50 day moving average price is $2.82 and its 200-day moving average price is $2.69. Lonmin Plc has a 52-week low of $0.55 and a 52-week high of $90.00. The stock’s market cap is $551.69 million.
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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