BNP Paribas reaffirmed their neutral rating on shares of Lonmin Plc (LON:LMI) in a research note published on Thursday. The firm currently has a GBX 180 ($2.23) price objective on the mining company’s stock.
LMI has been the subject of a number of other research reports. Deutsche Bank AG restated a sell rating and set a GBX 106 ($1.31) price objective on shares of Lonmin Plc in a report on Monday, July 18th. Barclays PLC restated an underweight rating on shares of Lonmin Plc in a report on Wednesday, September 21st. Investec raised their price objective on shares of Lonmin Plc from GBX 29 ($0.36) to GBX 110 ($1.36) and gave the stock a sell rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. raised their price objective on shares of Lonmin Plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the stock a sell rating in a report on Monday, August 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Lonmin Plc from GBX 100 ($1.24) to GBX 180 ($2.23) and gave the stock an underperform rating in a report on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Lonmin Plc presently has a consensus rating of Sell and an average target price of GBX 90.92 ($1.13).
Lonmin Plc (LON:LMI) opened at 196.25 on Thursday. The firm’s market capitalization is GBX 426.25 million. The company’s 50-day moving average is GBX 203.04 and its 200-day moving average is GBX 192.74. Lonmin Plc has a 52-week low of GBX 35.75 and a 52-week high of GBX 464.46.
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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