Lonmin PLC (LON:LMI) stock price target reduced to 90.00GBX, issued a research note today by Deutsche Bank
- Updated: October 9, 2016
Yesterday Lonmin PLC (LON:LMI) traded 0.89% higher at 198.25GBX. The company’s 50-day moving average is 204.53GBX and its 200-day moving average is 191.16GBX. The last closing price is up 3.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 146,448 shares of LMI changing hands under the typical 1,236,340
In a report issued 10/05/2016 Deutsche Bank dropped the price target of Lonmin PLC (LON:LMI) from 110.00GBX to 90.00GBX reporting a potential downside of -0.55%.
Lonmin PLC has a 52 week low of 35.75GBX and a 52 week high of 565.80GBX The company’s market cap is currently 0 GBX.
A total of 15 analysts have released a research note on LMI. zero analysts rating the company a strong buy, one 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 with a average stock price target of 1.72GBX.
General Company Details For 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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