Lonmin (LMI) Upgraded to “Hold” by Peel Hunt

Peel Hunt upgraded shares of Lonmin (LON:LMI) to a hold rating in a report published on Thursday morning. They currently have GBX 85 ($1.14) target price on the mining company’s stock, up from their prior target price of GBX 60 ($0.81).

A number of other equities analysts also recently weighed in on the stock. Shore Capital reaffirmed a not rated rating on shares of Lonmin in a research note on Friday, November 3rd. Shore Capital Group reaffirmed a not rated rating on shares of Lonmin in a research note on Friday, November 3rd. Barclays boosted their target price on shares of Lonmin from GBX 55 ($0.74) to GBX 80 ($1.08) and gave the stock an underweight rating in a research note on Tuesday, October 24th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 15 ($0.20) target price on shares of Lonmin in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Lonmin currently has a consensus rating of Hold and an average target price of GBX 88.11 ($1.19).

Lonmin (LMI) traded up GBX 20 ($0.27) during trading hours on Thursday, reaching GBX 83.75 ($1.13). 6,382,012 shares of the company’s stock were exchanged, compared to its average volume of 2,710,000. Lonmin has a 52-week low of GBX 55.75 ($0.75) and a 52-week high of GBX 186.75 ($2.51).

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About Lonmin

Lonmin Plc is a producer of platinum group metals (PGMs). The Company is engaged in the discovery, extraction, refining and marketing of PGMs. The Company’s segments include PGM Operations, Evaluation, Exploration and Other. Its geographical segments include The Americas, Asia, Europe and South Africa.

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