Shares of Gem Diamonds Limited (LON:GEMD) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 111 ($1.53).
Several brokerages have issued reports on GEMD. Canaccord Genuity upped their price target on shares of Gem Diamonds from GBX 95 ($1.31) to GBX 120 ($1.66) and gave the company a “speculative buy” rating in a report on Friday, January 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 100 ($1.38) price target on shares of Gem Diamonds in a report on Wednesday, November 1st. FinnCap reaffirmed a “buy” rating and issued a GBX 150 ($2.07) price target on shares of Gem Diamonds in a report on Tuesday, October 31st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 115 ($1.59) price target on shares of Gem Diamonds in a report on Friday, February 2nd. Finally, Barclays reduced their price target on shares of Gem Diamonds from GBX 85 ($1.17) to GBX 71 ($0.98) and set an “underweight” rating on the stock in a report on Tuesday, October 24th.
Shares of Gem Diamonds (GEMD) traded up GBX 0.40 ($0.01) during midday trading on Friday, hitting GBX 82 ($1.13). 21,004 shares of the company’s stock traded hands, compared to its average volume of 203,650. Gem Diamonds has a 12 month low of GBX 66 ($0.91) and a 12 month high of GBX 123 ($1.70). The stock has a market capitalization of $110.68 and a P/E ratio of -117.14.
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Gem Diamonds Company Profile
Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.
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