Gem Diamonds Ltd Stock Rating Reaffirmed by FinnCap (GEMD)
Gem Diamonds Ltd (LON:GEMD)‘s stock had its “buy” rating restated by FinnCap in a research note issued on Tuesday, American Banking News reports. They currently have a GBX 190 ($3.13) price target on the stock. FinnCap’s target price indicates a potential upside of 20.44% from the company’s current price.
GEMD has been the subject of a number of other recent research reports. Analysts at Westhouse Securities upgraded shares of Gem Diamonds Ltd to a “buy” rating in a research note to investors on Monday, January 20th. They now have a GBX 220 ($3.62) price target on the stock, up previously from GBX 180 ($2.97). Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Gem Diamonds Ltd in a research note to investors on Tuesday, January 14th. They now have a GBX 180 ($2.97) price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 176.27 ($2.90).
Shares of Gem Diamonds Ltd (LON:GEMD) traded up 3.10% on Tuesday, hitting GBX 157.75. 56,166 shares of the company’s stock traded hands. Gem Diamonds Ltd has a 1-year low of GBX 106.00 and a 1-year high of GBX 177.50. The stock’s 50-day moving average is GBX 149.9 and its 200-day moving average is GBX 150.7. The company’s market cap is £218.2 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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