Gem Diamonds Limited (GEMD) Receives Average Recommendation of “Hold” from Analysts
Shares of Gem Diamonds Limited (LON:GEMD) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 110.29 ($1.49).
GEMD has been the topic of several research reports. FinnCap reduced their price objective on Gem Diamonds Limited from GBX 185 ($2.49) to GBX 150 ($2.02) and set a “buy” rating on the stock in a report on Tuesday, July 4th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 156 ($2.10) price objective on shares of Gem Diamonds Limited in a report on Tuesday, July 4th. J P Morgan Chase & Co reduced their price objective on Gem Diamonds Limited from GBX 105 ($1.42) to GBX 100 ($1.35) and set a “neutral” rating on the stock in a report on Monday, June 5th. Liberum Capital reaffirmed a “hold” rating and set a GBX 90 ($1.21) price objective on shares of Gem Diamonds Limited in a report on Monday, June 12th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of Gem Diamonds Limited in a report on Wednesday, May 24th.
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Gem Diamonds Limited (LON GEMD) traded up 1.74% during mid-day trading on Wednesday, hitting GBX 73.00. The stock had a trading volume of 19,859 shares. The firm’s market cap is GBX 100.96 million. The stock has a 50 day moving average of GBX 79.33 and a 200-day moving average of GBX 90.16. Gem Diamonds Limited has a 1-year low of GBX 68.50 and a 1-year high of GBX 127.28.
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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