Lonmin Plc (LON:LMI) has been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 46.67 ($0.60).
A number of equities analysts have weighed in on LMI shares. Deutsche Bank reiterated a “hold” rating on shares of Lonmin in a report on Tuesday, May 15th. Peel Hunt reiterated a “hold” rating on shares of Lonmin in a report on Monday, May 14th. Liberum Capital reiterated a “hold” rating and issued a GBX 50 ($0.64) price target on shares of Lonmin in a report on Monday, July 2nd. Citigroup reiterated a “sell” rating on shares of Lonmin in a report on Wednesday, May 16th. Finally, Barclays decreased their price target on shares of Lonmin from GBX 65 ($0.84) to GBX 40 ($0.52) and set an “underweight” rating on the stock in a report on Wednesday, July 18th.
Shares of LMI opened at GBX 42.62 ($0.55) on Friday. Lonmin has a fifty-two week low of GBX 55.75 ($0.72) and a fifty-two week high of GBX 120.50 ($1.55).
Lonmin Plc explores, mines, refines, and markets platinum group metals in South Africa, the Americas, Asia, and Europe. The company explores for platinum, palladium, rhodium, iridium, ruthenium, and gold, as well as chrome, nickel, copper, and cobalt deposits. Its flagship property is the Marikana mine located on the Western Limb of the Bushveld igneous complex in South Africa.
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