Gem Diamonds (LON:GEMD)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a GBX 95 ($1.27) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 24.18% from the company’s current price.
GEMD has been the subject of a number of other reports. Liberum Capital reissued a “hold” rating and issued a GBX 90 ($1.20) price target on shares of Gem Diamonds in a report on Tuesday, September 19th. FinnCap reiterated a “buy” rating and issued a GBX 150 ($2.01) target price on shares of Gem Diamonds in a research note on Tuesday, October 31st. Barclays dropped their target price on Gem Diamonds from GBX 85 ($1.14) to GBX 71 ($0.95) and set an “underweight” rating for the company in a research note on Tuesday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 100 ($1.34) target price on shares of Gem Diamonds in a research note on Wednesday, November 1st. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 132 ($1.76) target price on shares of Gem Diamonds in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 106.63 ($1.43).
Gem Diamonds (LON:GEMD) traded down GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 76.50 ($1.02). The stock had a trading volume of 63,151 shares, compared to its average volume of 46,093. Gem Diamonds has a 12 month low of GBX 66 ($0.88) and a 12 month high of GBX 124.75 ($1.67). The firm has a market capitalization of $106.45 and a PE ratio of -106.25.
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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