Gem Diamonds Limited (GEMD) Earns Buy Rating from FinnCap
A number of other research firms have also weighed in on GEMD. Liberum Capital reaffirmed a buy rating and set a GBX 160 ($1.98) target price on shares of Gem Diamonds Limited in a report on Monday, February 6th. Royal Bank of Canada reaffirmed a sector performer rating on shares of Gem Diamonds Limited in a report on Monday, February 13th. Panmure Gordon reaffirmed a buy rating and set a GBX 162 ($2.00) target price on shares of Gem Diamonds Limited in a report on Thursday, November 17th. JPMorgan Chase & Co. decreased their target price on shares of Gem Diamonds Limited from GBX 115 ($1.42) to GBX 105 ($1.30) and set a neutral rating on the stock in a report on Tuesday, February 7th. Finally, Citigroup Inc reaffirmed a neutral rating and set a GBX 115 ($1.42) target price on shares of Gem Diamonds Limited in a report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 141 ($1.74).
Shares of Gem Diamonds Limited (LON:GEMD) opened at 103.00 on Wednesday. Gem Diamonds Limited has a 52-week low of GBX 100.25 and a 52-week high of GBX 148.00. The company’s market cap is GBX 142.14 million. The company has a 50 day moving average of GBX 117.15 and a 200-day moving average of GBX 115.43.
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Gem Diamonds Limited Company Profile
Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.
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