Lonmin Plc (LMI) Given Sell Rating at Deutsche Bank AG
Deutsche Bank AG restated their sell rating on shares of Lonmin Plc (LON:LMI) in a report released on Tuesday. They currently have a GBX 90 ($1.17) price objective on the mining company’s stock, down from their prior price objective of GBX 110 ($1.44).
Other analysts also recently issued reports about the stock. Barclays PLC restated an underweight rating on shares of Lonmin Plc in a report on Wednesday, September 21st. Investec raised their target price on shares of Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the stock a sell rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. raised their target price on shares of Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the stock a sell rating in a report on Monday, August 8th. Finally, Royal Bank Of Canada raised their target price on shares of Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the stock an underperform rating in a report on Wednesday, August 3rd. Ten analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Sell and an average target price of GBX 87.79 ($1.15).
Shares of Lonmin Plc (LON:LMI) opened at 199.25 on Tuesday. The firm’s market capitalization is GBX 432.77 million. The stock has a 50 day moving average of GBX 207.42 and a 200-day moving average of GBX 190.63. Lonmin Plc has a 52 week low of GBX 35.75 and a 52 week high of GBX 565.80.
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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