Lonmin Plc (LMI) Receives Neutral Rating from BNP Paribas
BNP Paribas reiterated their neutral rating on shares of Lonmin Plc (LON:LMI) in a research report released on Thursday. They currently have a GBX 180 ($2.35) price target on the mining company’s stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reiterated a sell rating and issued a GBX 90 ($1.17) target price (down previously from GBX 110 ($1.44)) on shares of Lonmin Plc in a research note on Tuesday. Royal Bank Of Canada increased their target price on Lonmin Plc from GBX 100 ($1.31) to GBX 180 ($2.35) and gave the company an underperform rating in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. increased their target price on Lonmin Plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the company a sell rating in a research note on Monday, August 8th. Investec increased their target price on Lonmin Plc from GBX 29 ($0.38) to GBX 110 ($1.44) and gave the company a sell rating in a research note on Tuesday, July 19th. Finally, Barclays PLC reiterated an underweight rating on shares of Lonmin Plc in a research note on Wednesday, September 21st. Ten analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Sell and an average target price of GBX 90.92 ($1.19).
Shares of Lonmin Plc (LON:LMI) traded up 2.88% during midday trading on Thursday, reaching GBX 196.25. The company’s stock had a trading volume of 1,255,674 shares. The firm’s market capitalization is GBX 426.25 million. The company’s 50-day moving average price is GBX 205.05 and its 200 day moving average price is GBX 190.93. Lonmin Plc has a 1-year low of GBX 35.75 and a 1-year 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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