Lonmin Plc (LNMIY) Rating Lowered to Hold at Zacks Investment Research
Lonmin Plc (OTCMKTS:LNMIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Several other research analysts also recently commented on LNMIY. Barclays PLC reaffirmed an “underweight” rating on shares of Lonmin Plc in a research note on Thursday, November 10th. Deutsche Bank AG reissued a “sell” rating on shares of Lonmin Plc in a research report on Wednesday, August 10th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $2.75.
Shares of Lonmin Plc (OTCMKTS:LNMIY) opened at 2.15 on Wednesday. Lonmin Plc has a one year low of $0.55 and a one year high of $90.00. The stock has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.
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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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