Lonmin (LMI) Price Target Raised to GBX 75

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Lonmin (LON:LMI) had its price target lifted by Barclays from GBX 55 ($0.72) to GBX 75 ($0.98) in a report published on Friday, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the mining company’s stock.

Shares of LON:LMI opened at GBX 73 ($0.95) on Friday. The stock has a market capitalization of $206.41 million and a PE ratio of 4.93. Lonmin has a 52-week low of GBX 36 ($0.47) and a 52-week high of GBX 85.60 ($1.12). The company has a debt-to-equity ratio of 32.82, a quick ratio of 0.87 and a current ratio of 1.68.

Lonmin Company Profile

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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