Lonmin (LON:LMI) had its price target raised by equities researchers at Barclays from GBX 45 ($0.59) to GBX 55 ($0.72) in a research note issued on Thursday. The brokerage presently has an “underweight” rating on the mining company’s stock. Barclays‘s price target would suggest a potential upside of 10.00% from the company’s previous close.
Separately, Peel Hunt reiterated a “hold” rating on shares of Lonmin in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 50.25 ($0.66).
Shares of LON LMI opened at GBX 50 ($0.65) on Thursday. Lonmin has a 52-week low of GBX 55.75 ($0.73) and a 52-week high of GBX 120.50 ($1.57).
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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