What’s Ahead for Lonmin Plc After Today’s Huge Increase?

 What's Ahead for Lonmin Plc After Today's Huge Increase?

The stock of Lonmin Plc (LON:LMI) is a huge mover today! The stock decreased 2.23% or GBX 5 on November 10, hitting GBX 218.75. About 2.40M shares traded hands or 54.84% up from the average. Lonmin Plc (LON:LMI) has risen 56.74% since April 12, 2016 and is uptrending. It has outperformed by 51.09% the S&P500.
The move comes after 8 months positive chart setup for the GBX 618.70 million company. It was reported on Nov, 10 by Barchart.com. We have GBX 277.81 PT which if reached, will make LON:LMI worth GBX 167.05 million more.

Lonmin Plc (LON:LMI) Ratings Coverage

Out of 21 analysts covering Lonmin PLC (LON:LMI), 4 rate it a “Buy”, 11 “Sell”, while 6 “Hold”. This means 19% are positive. Lonmin PLC has been the topic of 114 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, July 27 by JP Morgan. As per Wednesday, July 13, the company rating was maintained by Deutsche Bank. The stock of Lonmin Plc (LON:LMI) earned “Underweight” rating by Barclays Capital on Friday, January 29. On Friday, March 11 the stock rating was maintained by BNP Paribas with “Neutral”. The firm has “Overweight” rating by J.P. Morgan given on Thursday, October 22. The rating was maintained by Barclays Capital with “Underweight” on Thursday, November 10. The stock has “Neutral” rating given by Citigroup on Monday, November 23. The firm earned “Sell” rating on Tuesday, May 17 by Citigroup. AlphaValue maintained the stock with “Speculative” rating in Thursday, March 10 report. The firm has “Neutral” rating given on Monday, November 16 by Macquarie Research.

More notable recent Lonmin Plc (LON:LMI) news were published by: Fool.Co.Uk which released: “Could Lonmin Plc Be On The Verge Of A Stunning Turnaround?” on January 22, 2016, also Fool.Co.Uk with their article: “Where Next For Lonmin Plc?” published on November 24, 2015, Fool.Co.Uk published: “Are Gem Diamonds Limited, Antofagasta plc and Lonmin plc top buys today?” on July 19, 2016. More interesting news about Lonmin Plc (LON:LMI) were released by: Fool.Co.Uk and their article: “Is It Nuts To Buy Strong-Rising Lonmin Plc, Glencore PLC And Anglo American …” published on April 08, 2016 as well as Fool.Co.Uk‘s news article titled: “Is it too late to buy Premier Oil plc, Lonmin plc & Swallowfield plc?” with publication date: June 06, 2016.

Lonmin PLC is a producer of platinum group metals . The company has a market cap of 618.70 million GBP. The Firm explores, mines, refines and markets PGMs, including platinum, palladium, rhodium, iridium, ruthenium and gold. It currently has negative earnings. The Company’s divisions include PGM Operations, Evaluation and Exploration.

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