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Petra Diamonds Ltd (PINK:PDMDF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Tuesday, StockRatingsNetwork reports.

Shares of Petra Diamonds Ltd (PINK:PDMDF) remained flat at $1.95 during during mid-day trading trading on Tuesday. Petra Diamonds Ltd has a 1-year low of $1.60 and a 1-year high of $1.95. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $1.84. The company has a market cap of $971.5 million and a price-to-earnings ratio of 31.97.

Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Petra Diamonds Ltd in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Petra Diamonds Ltd in a research note to investors on Tuesday, January 14th. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petra Diamonds Ltd in a research note to investors on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $172.50.

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