Firestone Diamonds (FDI) Now Covered by Canaccord Genuity

Stock analysts at Canaccord Genuity started coverage on shares of Firestone Diamonds (LON:FDI) in a research report issued on Monday. The brokerage set a “speculative buy” rating and a GBX 20 ($0.27) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 116.22% from the stock’s previous close.

Other research analysts have also issued reports about the company. Macquarie reiterated an “outperform” rating and issued a GBX 55 ($0.75) price objective on shares of Firestone Diamonds in a research report on Tuesday, October 10th. FinnCap reiterated an “under review” rating on shares of Firestone Diamonds in a research report on Friday, September 29th. Royal Bank of Canada lowered Firestone Diamonds to a “sector performer” rating and decreased their price objective for the company from GBX 46 ($0.62) to GBX 19 ($0.26) in a research report on Thursday, October 12th. Finally, Panmure Gordon decreased their price objective on Firestone Diamonds from GBX 68 ($0.92) to GBX 38 ($0.52) and set a “buy” rating on the stock in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 38.33 ($0.52).

Firestone Diamonds (FDI) traded down GBX 0.40 ($0.01) during mid-day trading on Monday, reaching GBX 9.25 ($0.13). The company had a trading volume of 144,801 shares, compared to its average volume of 108,567. Firestone Diamonds has a 12-month low of GBX 9 ($0.12) and a 12-month high of GBX 55 ($0.75). The firm has a market cap of $10.88 and a PE ratio of -34.26.

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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.

Analyst Recommendations for Firestone Diamonds (LON:FDI)

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