Lonmin PLC (LON:LMI) stock price target held steady at 15.00GBX, issued a ratings update today by Liberum Capital
- Updated: December 1, 2016
Yesterday Lonmin PLC (LON:LMI) traded -8.19% lower at 140.50GBX. Lonmin PLC’s 50-day moving average is 192.81GBX and its two hundred day average is 201.41GBX. With the last close down -31.86% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 2,402,986 shares of LMI changing hands over the typical 1,581,810
In a report released on 12/02/2016 Liberum Capital hold steady the stock price target of Lonmin PLC (LON:LMI) from 15.00GBX to 15.00GBX stating a potential downside of -0.89%.
On 12/01/2016, AlphaValue released a statement for Lonmin PLC (LON:LMI) maintained the target price at 262.00GBX. At the time, this indicated a possible upside of 0.89%.
With a total market value of 0 GBX, Lonmin PLC has with a one year low of 35.75GBX and a one year high of 252.56GBX .
A total of 15 brokerages have issued a ratings update on Lonmin PLC. 0 brokers rating the stock a strong buy, 1 broker rating the company a buy, one analyst rating the company a hold, 11 firms rating the stock a underperform, and finally 4 equity analysts rating the company a sell with a one year target of 1.72GBX.
Brief Synopsis 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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