Firestone Diamonds PLC (FDI) Given Consensus Recommendation of “Buy” by Brokerages

Firestone Diamonds PLC (LON:FDI) has received an average recommendation of “Buy” from the six analysts that are presently covering the company, reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 37.25 ($0.50).

Several equities research analysts recently issued reports on FDI shares. Macquarie reaffirmed an “outperform” rating and set a GBX 55 ($0.74) price target on shares of Firestone Diamonds in a report on Tuesday, October 10th. FinnCap reaffirmed an “under review” rating on shares of Firestone Diamonds in a report on Friday, September 29th. Royal Bank of Canada lowered shares of Firestone Diamonds to a “sector performer” rating and decreased their price target for the company from GBX 46 ($0.62) to GBX 19 ($0.26) in a report on Thursday, October 12th. Finally, Panmure Gordon decreased their price target on shares of Firestone Diamonds from GBX 68 ($0.92) to GBX 38 ($0.51) and set a “buy” rating on the stock in a report on Monday, September 11th.

Shares of Firestone Diamonds (LON:FDI) opened at GBX 9.88 ($0.13) on Tuesday. Firestone Diamonds has a 1-year low of GBX 9.75 ($0.13) and a 1-year high of GBX 57 ($0.77).

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About Firestone Diamonds

Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.

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