Gem Diamonds Ltd Stock Rating Reaffirmed by Liberum Capital (GEMD)
Gem Diamonds Ltd (LON:GEMD)‘s stock had its “buy” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Wednesday, StockRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Gem Diamonds Ltd (LON:GEMD) in a research note to investors on Friday, September 27th. They now have a GBX 170 ($2.74) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Gem Diamonds Ltd (LON:GEMD) in a research note to investors on Thursday, September 26th. They now have a GBX 180 ($2.90) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Gem Diamonds Ltd (LON:GEMD) from GBX 188 ($3.03) to GBX 187 ($3.02) in a research note to investors on Monday, September 23rd. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 173.63 ($2.80).
Shares of Gem Diamonds Ltd (LON:GEMD) traded up 0.98% during mid-day trading on Wednesday, hitting GBX 154.00. The stock had a trading volume of 47,826 shares. Gem Diamonds Ltd has a 1-year low of GBX 106.00 and a 1-year high of GBX 186.25. The stock’s 50-day moving average is GBX 155.4 and its 200-day moving average is GBX 140.4. The company’s market cap is £213.0 million.
Gem Diamonds Limited is a global diamond mining company. The Company owns two production mines, the Letseng mine in Lesotho and the Ellendale mine in Australia, as well as the Ghaghoo mine, which is in development in Botswana.
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