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Gemfields PLC (LON:GEM)‘s stock had its “buy” rating reaffirmed by stock analysts at FinnCap in a report issued on Wednesday.

Shares of Gemfields PLC (LON:GEM) traded down 4.31% on Wednesday, hitting GBX 50.00. The stock had a trading volume of 1,264,767 shares. Gemfields PLC has a one year low of GBX 19.00 and a one year high of GBX 54.90. The stock has a 50-day moving average of GBX 42.66 and a 200-day moving average of GBX 37.6.

Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of Gemfields PLC from GBX 40 ($0.68) to GBX 42.50 ($0.72) in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Gemfields PLC in a research note on Tuesday, May 6th. They now have a GBX 40 ($0.68) price target on the stock. Finally, analysts at Sanlam Securities reiterated a “buy” rating on shares of Gemfields PLC in a research note on Friday, May 2nd. They now have a GBX 46 ($0.78) price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 85.25 ($1.45).

Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.

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