A statement released earlier today by AlphaValue about Lonmin PLC (LON:LMI) maintains the target price at 262.00GBX
- Updated: December 1, 2016
Yesterday Lonmin PLC (LON:LMI) traded -8.19% lower at 138.75GBX. The company’s 50-day moving average is 192.81GBX and its 200-day moving average is 201.41GBX. The last closing price is down -31.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 2,402,986 shares of the stock were exchanged, up from an average trading volume of 1,581,810
AlphaValue hold steady the target of Lonmin PLC (LON:LMI) at 262.00GBX indicating a possible upside of 0.89%.
Previously on 11/16/2016, Peel Hunt reported on Lonmin PLC (LON:LMI) lowered the target price from 160.00GBX to 150.00GBX. At the time, this indicated a possible downside of -0.2%.
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Lonmin PLC has a 52 week low of 35.75GBX and a 52 week high of 252.56GBX The company’s market cap is currently 0 GBX.
In addition to AlphaValue reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is 1.72GBX with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 1 broker rating the stock a hold, 11 brokers rating the stock a underperform, and finally 4 brokers rating the stock a sell.
General Information About Lonmin PLC (LON:LMI)
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. The Evaluation segment relates to the Akanani asset, which is located in South Africa and is in the evaluation-stage. The Exploration segment relates to the costs of exploration projects, which have the objective of identifying PGM deposits, which can be commercially realized and can occur anywhere in the world. The Company's saleable by-products produced from its PGM mining include gold, copper, nickel, chrome and cobalt. These metals are essential for industrial applications, especially catalytic converters for internal combustion engine emissions and are also used in jewelry.
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