Gem Diamonds (GEMD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gem Diamonds (LON:GEMD) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 111 ($1.56).

A number of equities research analysts recently issued reports on the company. JPMorgan Chase restated a “neutral” rating and issued a GBX 100 ($1.40) price objective on shares of Gem Diamonds in a research note on Thursday, March 15th. Liberum Capital restated a “buy” rating and issued a GBX 115 ($1.61) price objective on shares of Gem Diamonds in a research note on Wednesday, March 14th. Canaccord Genuity restated a “speculative buy” rating and issued a GBX 120 ($1.68) price objective on shares of Gem Diamonds in a research note on Thursday, March 8th. Finally, Barclays lowered their price objective on Gem Diamonds from GBX 71 ($1.00) to GBX 60 ($0.84) and set an “underweight” rating on the stock in a research note on Monday, January 8th.

Shares of Gem Diamonds stock opened at GBX 86.20 ($1.21) on Friday. Gem Diamonds has a 52-week low of GBX 66 ($0.93) and a 52-week high of GBX 114.75 ($1.61).

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About Gem Diamonds

Gem Diamonds Limited explores for and develops diamond mines. The company owns 70% interest in the Let?eng mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.

Analyst Recommendations for Gem Diamonds (LON:GEMD)

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